Are you looking to increase the monthly cash return from your investment property? Perhaps turn a negatively geared property positive? Wouldn’t it be great if you could just increase the rent or create a 2nd income stream??
Savvy residential property investors are now getting onboard the green energy revolution and in doing so they are differentiating their investment property and rewarding themselves with additional monthly income.
Solar panel systems on homes and businesses are an ever increasing trend. In fact, Australia is a world leader in home solar participation. In 2018, the Government Solar Rebate Scheme, reducing cost of solar materials and ever-increasing electricity prices has meant the time has never been better to invest on solar.
So how does solar stack up for investment properties?
New research commissioned by Origin Energy and published in an article on Domain revealed that 55% of renters would pay at least $10 more per week for a property with solar.
So clearly there is demand from tenants for landlords to go solar!
But the benefits of solar extend beyond increasing your rental properties cash return. A solar panel system also:
- Differentiates your property in the rental market place
- Provides additional tax deductions
- Makes happier tenants so fewer vacancies
- Increases resale value
- Lasts around 15-20 years and has a short payback period of around 5-6 years.
Investor Solar Solutions specialises in helping property investors install and manage solar on their residential investment properties. Our solar systems are designed specifically around your individual property which means we can delivery the best ROI possible to the investor.
An Investor Solar Solutions solar system can deliver up to $3,000 p.a. in extra income, an extra $2,385 in depreciation benefit and saves tenants almost $300 in electricity costs. In 10 years that’s $43,000 extra income and $ $15,500 extra depreciation benefit.
Adding solar onto your property is a relatively easy process and Government rebates still apply, helping to reduce the overall setup cost.
However, there are a number of watch outs for landlords to be aware so ensure you read my others blogs here to make sure you know what to beware of.
To speak to an expert, get a quote and find out how solar could benefit your investment property contact us today.