Solar For Rental Property
As a resident of a rental property, you may believe that installing a solar energy system to power your home is out of your ability, either because you don't own the property, or don't have immediate access to the roof. And if you're a landlord, you believe that installing a solar energy system won't produce a return on investment if you don't live there.
But there are chances for you to get approval for the solar rebate if you fall under this criteria.
For the landlords
● The property must be worth less than $3 million.
● It can't possibly have solar panels already installed.
● It can't have been a part of the Solar Homes initiative, but that's a good thing that it won't have solar.
● In any given fiscal year, the landlord can only get the rebate on two properties.
For the renters
● According to their taxable income in any of the previous two years, their combined household income must have been less than $180,000 a year.
● A Solar Homes Landlord-Tenant Agreement must be signed by both the landlord and the tenants.
● The tenants must have already rented the place.
Why Should Landlords Opt For Solar Systems?
Landlords are discovering that solar may be more than merely a way to live out their ideals; it can also be financially beneficial. Some property owners will realise the benefits of their electric bill if they live on the property and rent out a portion of it to renters.
You can even have all of your energy bill credits applied to a single electric bill if you have several electric metres for different units. Rooftop solar can also boost the value of your home, similar to a home renovation if you want to sell it in the future.
Solar Panel Installation Melbourne
If you live in Melbourne or regional Victoria, look no further than our experts at Solar Today for all of your solar energy products and solar system installation. We're industry leaders with a reputation for outstanding service and consulting with solar power consumers all around Melbourne, so if you're wondering about it, look no further!
Make It Simple With Solar Today
Solar panels don't have to be a hassle to buy and instal. Thousands of homes in Melbourne and Victoria have joined the rooftop revolution by installing solar panels on their roofs. Solar Today will be there for you in your every step to ensure that you have a pleasant solar experience. Since we are based in Melbourne, we are more familiar with the Victorian market than any other solar company.