Project 22: Landlord-tenant project – Frances, Uralla, NSW
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. In this particular case, additional ceiling insulation was also being added and the tenant will pay an extra $5/week in rent out of their savings on electricity bills.
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.
See what has been achieved via this CORENA loan so far
* The MWh figure is the amount of grid electricity avoided by solar electricity generation and energy efficiency measures. The resultant reductions in carbon emissions can be visualised as an equivalent number of average households switching from grid electricity to 100% renewable electricity, noting that the subsequent projects have been avoiding grid electricity for less time than the original project.
This project has been fully funded – Thank you!
Loan amount: $5,800.00
Payback term: 6 years
Loan paid out in full in Feb 2020:
System installed at the rental property:
1 x 3 kw Zever inverter
9 x 320 watt Canadian panels
1 x single phase metering net
Reduction in carbon emissions/yr: Equivalent to 0.78 average households using renewable electricity instead of grid electricity
17. Albert L-T
18. Trish L-T
19. Coast FM transmitter
20. Apprenticeships Q
21. Mansfield Kindergarten
22. Frances L-T
23. Clunes Old School
24. Coast FM studio
25. Sonia L-T