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The Real Estate Institute of Queensland has welcomed the Queensland government’s Supercharged Solar for Renters program, which provides landlords with rebates to install rooftop solar systems on rental properties.
Under the program, eligible landlords can receive up to $3,500 to install new rooftop solar systems, with the initiative expected to help reduce power bills for renters while improving energy efficiency across the state’s rental housing stock.
The program is open to up to 6,500 households and follows recent findings from Cotality, which revealed homes with solar systems can add an average of $23,100 to property values.
REIQ chief executive officer Antonia Mercorella said the rebate is an important step in easing cost-of-living pressures for both renters and property owners.
“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,” Mercorella explained.
While landlords have legislative obligations around minimum property standards, solar remains an optional upgrade.
However, Mercorella explained that the policy could appeal to investors focused on long-term benefits.
“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,” she said.
“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.”
Mercorella encouraged property managers to share details of the program with their clients so eligible lessors can take advantage of the rebate.
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