Solar for an IP

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  • #937
    JaySang
    Participant

    Whats your opinions on instaling solar to an investment property. Do you think it’s worth it and will Tennant’s pay extra? I don’t think ill ever live in the property and already have solar installed on my PPOR.

    #941
    R.D.
    Keymaster

    It’s a tricky one, Solar is great for the environment and I’m sure tenants will get lots of value and likely pay a premium. But as an investor, you will also need to look at how you allocate your capital. It’s a personal decision and you will need to decide if you think it is worth it for the environmental factors and the increased rent or if you should use your capital elsewhere.

    #942
    JaySang
    Participant

    That’s a very good point, I had not really considered the environmental side when I have been weighing up the decision. Got some thinking to do!

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