Are solar panels a smart investment for landlords?

With the increase in demand for renewable energy and sustainable living, solar panel installations have become a smart investment for landlords. Not only do solar panels offer financial benefits, but they also contribute to a greener future.

What should a landlord consider when buying a solar panel system?

Other things that a landlord should consider include checking insurance policies, to ensure that a new solar panel system will be adequately covered. It is advisable to consult with insurance providers to understand the coverage options available and any specific requirements related to solar panels.

Can a landlord install solar panels on a rental property?

Before proceeding with solar panel installations, landlords should assess the feasibility of their rental properties. Factors such as roof condition, orientation, and shading need to be considered. Consulting with solar panel experts or contractors can provide valuable insights into the best options.

Do you need permission to install solar panels?

If you’re a tenant, you’ll need to ask your landlord for permission – as previously mentioned – before installing solar panels. If you own a flat, but not the whole building, you will need to get permission from relevant authorities, such as the building management company.

Who pays for solar panels in social housing?

In most cases, people who own the flats will each pay their share. But if solar panels are being installed in social housing, they’ll often be financed by the local council. Funding is also available through government grants, such as ECO4 or through green loans from banks.

Can you earn money from solar panels on your flat?

Homeowners can earn money from having solar panels on their flat through the government’s Smart Export Guarantee (SEG), which allows solar panel owners to sell the unused energy their panels generate back to the grid.