The addition of solar energy to your investment property is quite logical- it will make your property a much more attractive option for tenants who want a cheaper power bill.
Currently, very few rental properties have solar panels, so
purchasing a property with panels installed, is certainly a smart move because properties
with solar panels, stand out in the market.
Investment properties with solar panels end up being more
valuable as recent surveys show about two-thirds of people, would pay at least
$5000 more for a property with solar energy.
Also, the ATO currently measures the effective life of a
solar energy system as 20 years, therefore investors, can claim a 10% decline in
value every year, using the diminishing value method.
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Thursday, 21 November 2019