Here are just a few reasons why solar panels for landlords are an excellent investment.
- They increase your EPC Rating
- They make you money
- They give you sticky Tenants
- They save you money
- They improve your tenants Carbon Footprint
- Did I say they make you money?
- All landlords are under constant pressure from government and tenants alike to ensure the buildings they own are up to current legislation and are suitable to let. That suitability bar is always rising and will continue to rise in the future. Simply by installing Solar panels you can raise the EPC rating for your building significantly.
2. Energy that is generated on your tenant’s roof can be sold back to the tenant at a discounted rate. So instead of your tenant being charged say 30p from the grid, as a responsible landlord you can charge something like 20p, saving your tenant money while making some additional profit for you.
3. By saving your tenants on their energy bills they are more likely to want to remain a tenant in your building, if they leave, they risk a large rise in energy bills.
4. With a solar panels installation you own an asset that generates income for you as well as saving the tenant money, other building improvements are just a cost for you the landlord.
5. Because your tenant is using the green power generated from your roof they can claim the carbon reduction, enabling them to be “seen to be green” this will help them win more business and stay a tenant.
6. So income from selling energy to the tenant, income from longer-term rental, and after all this benevolence on your part maybe a slight rise in rental cost???
Solar panels for landlords make Perfect Sense.
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