Renewable Energy Project: Solar Panels
Z-NET Uralla provided a free home energy assessment for this residential rental premises and recommended the premises for one of our interest-free solar PV loans. The landlord intends to improve insulation in addition to installing solar PV.
Landlords who apply for a CORENA loan undertake to discuss our scheme with their tenants and to collect no more than half of the tenant’s savings on power bills via a small increase in rent. This is intended to split the benefit of the solar installation roughly equally between tenant and landlord. In this particular case, the landlord is not asking the current tenant for any rent increase, but can expect to charge a slightly higher rent to future tenants.
This project has been fully funded – Thank you
NOTE: Over half of this project was funded by loan repayments after Big Win funds were used for temporary loans to Quick Win projects. When those loans were repaid into the Big Win funding stream those donations were used for a second time for this landlord-tenant solar project.
Loan amount: $8,710.00
Install date: 5/7/17
Payback term: 6 years
System installed at the rental property:
14 x LG 330 Watt panels
Clenergy EZ-Rack (incl. lift legs)
Reduction in carbon emissions/yr: Equivalent to 1.25 average households using renewable electricity instead of grid electricity