Solar incentives a bright idea in the Sunshine State, says REIQ

The Real Estate Institute of Queensland (REIQ) is giving a glowing review of the Queensland Government’s new Supercharged Solar for Renters program, which offers benefits to both renters and property owners across the Sunshine state.

The program, which will provide rebates of up to $3,500 to lessors for installing rooftop solar photovoltaic (PV) systems on rental properties, aims to reduce the rising electricity bills that renters face and improve the energy efficiency of rental properties.

REIQ CEO Antonia Mercorella said the initiative was a win-win for both tenants and lessors - renters will benefit from lower electricity costs, while lessors can take advantage of the rebate to enhance their property.

“We welcome the Supercharged Solar for Renters program, which will provide much-needed cost-of-living relief to renters while also incentivising improvements to the energy efficiency of Queensland’s rental stock,” Ms Mercorella said.

“This program provides an essential opportunity for renters who otherwise wouldn’t have access to solar power and the associated benefits of reduced electricity bills.

“While the upfront cost of installing solar panels can be significant, this new rebate program provides an opportunity for lessors to lower that costly capital investment, increase the value of their properties, and contribute to a more sustainable future.

“It’s important to remember that property owners have certain legislative obligations when it comes to the standard of the rental properties, but as solar energy is an “add on” feature, this incentive may sway the minds of investors who appreciate the long-term benefits they may gain from a solar upgrade.”

Ms Mercorella said with growing environmental consciousness, more buyers and renters are prioritising greener homes – providing a competitive edge in a market where sustainability is becoming an increasingly important factor.

“We’re called the sunshine state for a reason and with Queensland’s abundance of sunshine, solar power is a natural fit for property owners looking to invest in more sustainable, energy-efficient homes,” she said.

“Energy-efficient homes are more attractive to environmentally conscious tenants and buyers, and solar panels represent a long-term investment that can increase a property’s value.

“Investing in solar energy not only provides immediate savings for renters but can also add lasting value to the property, as another marketable attribute making it more appealing on the rental market and potentially attracting tenants faster.

“We encourage property managers to share the details and benefits of this program with their clients so eligible lessors can apply to take advantage of this rebate opportunity.”

The Supercharged Solar for Renters program is now open for applications with up to 6,500 households across all corners of Queensland able to benefit.

ENDS

Media enquiries:
Claire Ryan, REIQ Media Manager, M: 0417 623 723 E: media@reiq.com.au

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