Free Solar Panels
To maximise rental income on commercial and residential we teamed up with an investor and a solar installer. On solar installations we have increased our rentals by 5% per annum, and these installations are free! The tenant gets electricity at a reduced rate - typically saving 40/60% on the electric costs. One of our tenants has put electric timers on washing machines and dryers - saved 76% on his electric.
So What's in it for the Investor?
The investor makes their money on the feed in tariff, the ROI is 12% to 17% per annum investment is completely tax free, and indexed linked. Typically a 4kw system costs £11.5k + vat. The pay back time is six to ten years.
The landlord benefits from a more rentable property, an increase in value of the property is 8% if owned by landlord - as free installation it is 4% increase on property values. Commercial installation is set at a maximum of 50kW systems.
Our investor has £150million to invest, so the market is limited.
Residential Solar Site Criteria…Ideal is a 30 degree to 35 degree pitched roof, of about 30 sq. metres surface area (that will take 16 x 250Watt panels) and facing South.
Our funder for the Free Of Charge (FOC) model, will look at South +/- 45 degrees, and will not entertain flat roofs on the domestic side. There must be no shading (chimneys, trees etc), nor must there for the next 25 years on the FOC side.
On the paid for model we can fit to any azimuth, though would not recommend North, even with the benefit of the FIT + the energy savings. Finally if the roof is in a poor state of repair, it may not be up to a solar PV installation.
Call for further information on Commercial PV Solar Systems.
If you are interested in discussing further please call Baggy on 07971 241120 or email with questions to baggy@thepropertybuyers.co.uk
(Wednesday, August 24, 2011)