Funded Breakthrough: Landlord-tenant project 2 – Trish, 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. The landlord has already completed all recommended energy efficiency improvements.
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 premises are currently vacant and the landlord intends to ask future tenants for $5/week more in rent than they would pay without the solar installation.
System installed at the rental property:
4.2kW solar PV
15 x REC 280W twin peak panels
1 x Solar Edge SE5000 inverter
15 x DC optimisers
Loan amount: $8,744.80
Payback term: 6 years
Repaid so far: