Published By : 04 Mar 2016 | Published By : QYRESEARCH
The global rooftop PV market is expected to register a significant growth in the coming few years. Several factors are driving this market. The high efficiency and declining energy payback time, which is supported by government tax credits and subsidies are projected to drive the global rooftop PV market. Moreover, the rising adoption of distributed PV technology will also fuel the global rooftop solar PV market. Another trend that is expected to drive the global rooftop PV market is the rent-a-roof trend. Several private and public firms have increasingly launched rent-a-roof schemes to drive the adoption of rooftop PV.
Latest Rent-a-Roof Scheme from Digital Solar
The latest announcement comes from Australia, where Digital Solar has opened up its solar power to renters. Soon, the 2 mn rental properties in Australia will have access to affordable solar power under a new scheme launched by Digital Solar. This scheme divides the savings between tenants and landlords.
How Does the Scheme Work?
This scheme is supported by Melbourne-based startup firm Matter, and Digital Solar brokers deal between landlords and their tenants. The scheme sees that the property owner pays for the installation of solar panels and then can sell the electricity to the tenant at a more affordable price as compared to the power from the grid. Such a deal can help a renter save an average of 300 dollars on their power bill and help the landlord make a profit of 1,500 in a year and the installation costs can be covered within six years.
Key Issue So Far in Australia
At present, the Australian market is an untapped one in terms of the trend rent-a-roof. Further to this, only 1 per cent of rental properties in Australia are fitted with solar panels. According to the co-founder of Matter, Simon Barnes, the issue has always been that in case a person is a tenant then they do not have to pay the money to put solar on someone’s roof. However, if you are a landlord you do not want to pay for solar panels when they are providing the tenant free power.