How Solar Panels Benefit Landlords?

Thursday , 27, January 2022 Daniel Ruthven Business and Management Comments Off

Any landlord will be looking for any way to increase the income from your property – and the new buzzword right now is solar panels. So, is this a viable way to boost your profits?

There's no doubt that installing solar panels is expensive, but if you're in property for the long term then this could be a genuine and real way of generating extra income. Navigate to http://savingwithsolar.co.uk/ to find solar panel installation companies.

Because solar energy is only just beginning to gain popularity, the government is keen to encourage people to install panels. Essentially, the electricity your solar panels generate will give you an annual government payment for the next 25 years.

Installing solar panels is highly likely to increase the value of your property. It will also make the property far more desirable to tenants as solar panels are likely to produce around 50% of all the electricity used in the home.

The electricity provided by the solar panels is effectively free that means your tenants will be protected from ever rising energy costs. Of course, don't forget the environmental aspects, as fitting solar energy panels to your property can save over a tonne of CO2 emissions each and every year.