Charging tenants for Solar Power

Just reading this article, what a great idea! Imagine making some more money from your houses with this.

New technology gives landlords incentive to dabble in solar power

It's like a landlord becomes an energy retailer. Be interesting to see how this one goes.

 

i saw this one too couple of weeks ago. This would do very well in new home and land where you negotiate some panels put into it. Essentially would be xtra dollars per month in ur pocket

 

Rules are different on this in each state.

 

Figured I'd link the website of the company doing this

Home - Matter

Note: I have absolutely no affiliation with the company but I love the idea of being able to use more renewable energy in a way that makes sense for landlords

 

Might even be some kick backs for you Dave! Property Manager - Matter

 

Stay away from everything involving kick backs, too much paperwork

 

Your average tenant won't have the foresight unfortunately to calculate the savings with solar.
Until they get a way to store the power efficiently from the panels it's just a scam by the gov to generate electricity into the grid... But other side of the coin with the increased sales of panels hopefully someone is putting money back into r&d!
Tin foil hat firmly on today

With a heap of batteries you could store the power and use it during peak use times when the sun isn't producing electricity via the panels.
Then you can say to tenant you wont get a power bill, pass on the savings to me

 

Fronius International GmbH - Products - Meter is meant to do the same thing for Fronius inverters. I have not got the Smart Meter installed however I do have the inverter. I have been told that these do not work that accurately.

My O/O property with solar panels will one day need to be rented. My plan is to increase the rent by the average credits in dollars per week I earn -- I get about $2 per day so ~$60 per month. I will discuss this with the property manager reduce it to a reasonable amount. I will keep the Synergy account under my name, pay for tenants usage and the tenant will reimburse.

 

I have solar on a couple of my properties. On IP's I find it gets an extra $10-$15 a week in rent. Current PPOR has solar also but on the maximum Tariff, 52c per kW or some such. When this gets converted to an IP in the next year or two as @mcored said, I'll rent it out with the power still in my name and electricity included up to the first $100 written into the Lease Agreement (currently runs in credit or less than $100 per quarter). Provided the future tenant doesn't run the aircon 24/7 or use grow lights it should be worth an extra $25 a week rental easily over a house without solar.

For IP's I just wait until True Value Solar or the like have a sale of starting systems for under $2,000 and bang one on. Brings extra rental, boosts house Value (in my opinion), and helps be a bit more green. They pay for themselves inside 4 years.