30th July 2014

Press Release

Landlords can now share cheaper solar power with tenants

Thanks to an innovative Prepaid Meter solution, one Northern Rivers company is turning solar on for rental homes across Australia. This means tenants can now receive 15-20% off their current power bill and it is profitable for landlords as well.

Prepaid Solar, based in Federal, has pioneered a new technology use which solves the biggest obstacle to putting solar power on rental rooftops – how to bill electricity produced. Using a prepaid sub-meter, tenants can now enjoy cheaper power and also measure and manage their power use, ensuring they are aware of how they use and waste energy to create more savings.

This solution is now being rolled out across the country through accredited solar companies who are thrilled to have a new market opening up at a time when state and federal governments are unwinding incentives for new solar installation. The Abbott Government is considering scrapping the Renewable Energy Target, a move that the Solar Council of Australia says will decimate the industry,   “Slashing the RET would lead to 8,000 immediate solar job losses, with over 12,800 jobs to go by 2018.” *

The Prepaid Solar project for rental homes is a bright light for the industry, as the benefits do not rely on subsidies to be commercially viable. Landlords also win with the installation returning its cost in 3.5 years from energy produced.  Prepaid Solar is truly a win-win technology and landlords can use 100% finance that is repaid by the free solar energy produced.

Solar power is now about 2/3 the cost of buying electricity off the grid. With power prices continually on the increase, Prepaid Solar will provide cheaper, clean electricity for years to come with solar panels now having a production warranty for 25 years. This solution also works great for granny flats, commercial buildings and apartments.

If you would like to help the solar industry in its fight against the slashing of the Renewable Energy Target, Solar Citizens has a petition at www.solarcitizens.org.au/protecttheret or find out more at www.prepaidsolar.com.au

* http://solar.org.au/news-2/slashing-ret-dumb-politics/


 


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