Hi All,
Has any one installed Solar Power Systems on any of the rental properties? I know alot of people installing them on there own homes in Western Australia but I don't know of any landlords doing the same. I am just keen to know if anyone has done this and if they were able to increase the rent on the property because the tenant would be paying lower power bills.
Why would providing solar panels mean you could charge more for your property? If you put in water saving taps & dual flush toilets did you ask for more rent? When you put in windows/skylights to allow in daylight, do you ask for more rent as theydidn't need to use the lights as often? If it rains, do you figure that they don't need to water the garden as much, so they can pay more rent?
welcome to the forum, designed to help people with their queries on investing. don't worry about if you think your question is silly, irreverent or just plain dumb, people here are more than willing to give helpful tips and hints where they can……that is, all, except for this asshole above. What a jerk. I guess there must be a bit of truth to your name there big fella, but no need to take it out on the rest of the world. I am sure your reply was a huge help to a first time poster.
I think there are 2 ways to look at this…
Yes, skylights would be a great investment and would pull a bit more extra cash as Scott No Mates pointed out.
However, you may also find it a good return to sell the electricity to the powerstation instead of the person renting it ( as a rental condition of course)…that will provide extra income…ensure you calculate maintenance into your research.
It's a question of better return on investment and income.
Good Luck.
Cheers,
Miike
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