Print

Benefits of the trial

The solar for rentals trial is an opportunity for landlords to get a rebate to install solar on their rental property, with higher rental returns.

Financial assistance

Rebates will cover much of the cost of installing a solar and monitoring system. The rebate is paid based on the size of the system installed (where system size is measured by the lower of the system’s inverter or total panel capacity):

  • $2,500 for systems 3 kilowatts to less than 4 kilowatts
  • $3,000 for systems 4 kilowatts to less than 5 kilowatts
  • $3,500 for systems 5 kilowatts or greater.

Only one rebate is available per rental property. If you have more than one rental property you can apply for a rebate at each property, provided all of the eligibility criteria are met.

Higher rental income

You will receive a higher rental income from your tenant in return for installing and letting them use the solar system. The higher rental income starts 3 months after you sign the new lease or the date the solar system is installed (whichever is later).

Property and rental market benefits

Other benefits include:

  • better rental appeal
  • increased property value
  • a point of difference in the competitive rental market.

If your property is not rented in the future, you may be able to sell the power from the solar system directly into the grid. However, you would need to hold the electricity account for the property in your name to do this.

Tax implications

Landlords may be able to claim depreciation on the cost of the solar system after the rebate payment and the value of small-scale technology certificates (generated by the solar photovoltaic (PV) system) are taken into account.

Talk to your accountant about the tax implications of participating in the trial or contact the Australian Taxation Office (ATO) for more information about the tax treatment of solar PV system in investment properties.

Disclaimer

The Queensland Government is providing general information only and landlords should contact either their tax advisers or the ATO for confirmation of the way in which the tax laws apply to them, prior to making a decision about whether or not to participate in the trial. Participation in the trial may have a negative or positive impact on you depending on your individual circumstances.

The information in this website and in solar for rentals program fact sheets does not address the specific circumstances of any individual landlord.

Is solar right for my property?

To get the best value from a solar system, your rental property should have a solid, sunny roof and the switchboard should be in good condition. This will keep installation costs down and allow the system to operate efficiently.

If your rental property has a body corporate, you may need to seek body corporate approval to install solar.

You should also contact your insurance provider to make sure your existing policy covers the installation of a new solar system.