Project 22: Landlord-tenant project 3 – 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 CO2 figures are very approximate. The subsequent projects assisted by funds originally donated to this project have been and continue to be implemented at widely different places and times at which different carbon intensity factors apply.
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