Is Solar a Good Financial Decision in VIC

Landlords now have a good reason to install solar power in the 2.4 million rented homes across the country.

An Australian start-up has developed technology that encourages property owners to install roof solar panels and then sell the energy on to the tenants.

Currently about one in every 100 rental properties has solar panels installed compared to one in five owner-occupied homes.

A reason for this is the ‘split-incentive’ barrier, where a landlord pays for the solar panels, but the costs aren’t passed on to the tenant, who nevertheless reaps the benefits, Darren Gladman, solar policy manager for the Clean Energy Council, explains.

“Traditionally there’s been little incentive for landlords to install solar panels,” Gladman says.

“In the past there’s been no way for the property owner to recoup the money.”

But technology start-up Matter is hoping to change that by providing a simple way for landlords to do just that.

The new technology, called Digital Solar, allows property owners to monitor the solar energy being produced as well as their tenants’ energy consumption.

Homeowners can calculate how much energy their solar panels have produced. Photo: Photo: Matter.

Once an agreement is in place, the program then allows the owner to charge the tenant for the power they have consumed.

Tenants are also able to log in and view the dashboard to check on their real-time power usage as well as money saved from using solar power over traditional utility services.

Matter estimates that by using solar energy, tenants are likely to save 20 per cent of their normal energy bill.

Simon Barnes, the co-founder of Matter, says his company wanted to solve the problem that was preventing hundreds of millions of renters around the world from benefiting from cheaper, clean power.

“The service is low-cost and online, which means that property investors can automatically charge their tenants for solar energy at a rate that is lower than the tenant’s electricity provider and easily collect this additional income, wherever they are in the world,” Barnes says.

Barnes says that just as we’ve seen new players emerge in the transport and accommodation industries, it is clear that it is no longer necessary to own an asset in order to create value.

Gladman says that while the metering technology is not new, the innovation is the packaging together of all the information and billing capabilities for the landlord to access.

“It’s breaking down barriers,” he says.

The business case is there. It saves money for tenants and is a good investment for the landlord.”


Related Articles

Grab Your $8,800 Interest-Free Solar Battery Loan Today!

Grab Your $8,800 Interest-Free Solar Battery Loan Today!

Introduction: A Game-Changer for VIC HomeownersHey there, fellow VIC homeowner! Remember those days when we had no choice but to grimace at our skyrocketing electricity bills? Well, the tables have turned, and how! The Victorian Government has rolled out interest-free...

Solar Inverter for your home and properties

Solar Inverter for your home and properties

Solar Inverter for your home and propertiesRegular solar inverters turn DC battery power into AC electricity, but so does solar inverter (off-grid solar inverter). The difference comes in when the input power is from a grid or home appliance. Regular inverters are...

How Solar Panels Work: A Quick Guide by Start Solar Australia [2021]

How Solar Panels Work: A Quick Guide by Start Solar Australia [2021]

Interested in knowing more about solar panels or solar energy? Whether the climate is hot or cold, solar energy is always a hot topic across the globe. That’s why we wanted to offer our readers some basic information on what solar panels are, what type of solar panels...