Renewable Energy Project: Solar Panels & Insulation
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.
This project is fully funded – Thank you!
Status: Funded project – loan repaid
Loan amount: $5,800
Install date: 8/12/17
Payback term: 6 years
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