Solar for rentals calculator

You can use this calculator to estimate the benefits of installing solar on a rental property, for both landlords and tenants. Landlords can estimate a payback period and calculate a fair rent increase for their tenants. Tenants can estimate their savings from solar. This calculator is provided to help you decide if the solar for rentals trial is for you.

Choose a calculator to start

Is someone usually at home during the day?

Your total savings per year

$

Annual power bill savings

$

Annual rent increase

$

How the results are calculated

Tenant benefits are based on the 2019-20 Tariff 11 and regional feed-in tariff rates for Ergon Energy customers. The calculator assumes that each kilowatt of solar PV generates 4.2 kilowatt hours per day, and that tenants consume between 18% and 35% of the solar generated depending on system size and whether the tenant is home during the day. Actual tenant benefits will vary depending on their individual usage of the system.

Disclaimer

The information in the calculator is provided by the Queensland Government as an information source only to assist potential applicant landlords and their tenants in determining the financial, tax and other implications of participating in this trial. The results do not address the particular circumstances of any individual and are best seen as illustrative examples under the stated assumptions.

Are you applying for a solar for rentals trial rebate?

Payback period

System cost after rebate

Annual rent increase

$

Tenant savings after fair rent increase

$

How the results are calculated

Landlord payback periods assume average system maintenance costs of $100 per annum are paid by the landlord, and a marginal tax rate of 37.5% is applied to rental income less maintenance expense. Tenant benefits are based on the 2019-2020 Tariff 11 and regional feed-in tariff rates for Ergon Energy customers. The calculator assumes that each kilowatt of solar PV generates 4.2 kilowatt hours per day, and that tenants consume between 18% and 35% of the solar generated depending on system size and whether the tenant is home during the day. Actual tenant benefits will vary depending on their individual usage of the system.

Disclaimer

The information in the calculator is provided by the Queensland Government as an information source only to assist potential applicant landlords and their tenants in determining the financial, tax and other implications of participating in this trial. The results do not address the particular circumstances of any individual and are best seen as illustrative examples under the stated assumptions.