With electricity bills putting pressure on household budgets, energy efficient upgrades are worth considering for South Australian investment properties.
The good news? You don’t necessarily need a major renovation to make a difference. A few practical improvements can help reduce running costs, improve comfort and make your rental property more appealing to prospective tenants.
Which energy efficient upgrades are worth considering?
Start with the smaller changes. LED lighting, water-efficient showerheads and draught sealing can help reduce energy and water use without a large upfront investment.
For greater impact, consider ceiling insulation, improved window glazing or an energy-efficient hot water system. These upgrades can help keep homes more comfortable through Adelaide’s hot summers and chilly winters.
Solar panels are another option worth exploring, particularly for landlords looking to offer tenants the potential benefit of lower electricity bills. However, installation costs, the property’s suitability and likely energy savings should all be considered before investing.
Why do energy efficient homes appeal to tenants?
Nobody enjoys opening an unexpectedly high electricity bill.
For tenants, an energy efficient home can mean lower running costs and a more comfortable place to live. Good insulation, efficient heating and cooling, and solar power can all make a difference to everyday living.
For landlords, these improvements may also help attract tenants, encourage longer tenancies and improve the property’s appeal when it’s time to lease.
Are there energy efficiency rebates in South Australia?
Before committing to an upgrade, it’s worth checking what financial assistance may be available.
South Australia’s Retailer Energy Productivity Scheme (REPS) offers eligible households access to free or discounted energy-saving improvements through participating providers.
Depending on eligibility and availability, these may include insulation, heating and cooling upgrades, water-efficient showerheads and energy-efficient hot water systems.
If you’re considering energy efficient upgrades for your rental property, check which improvements qualify under the scheme and whether any financial assistance is available to you as a landlord.
For current offers and eligibility requirements, visit the Essential Services Commission of South Australia.
Are energy efficient upgrades worth it for landlords?
Energy efficient upgrades aren’t just about reducing electricity bills. They’re also about making your investment property more comfortable, practical and appealing to tenants.
Not every improvement will deliver the same return, so consider the upfront cost, potential savings and benefits for your particular property.
If you’re considering improvements to your Adelaide investment property, contact the AMKAR Real Estate team for practical advice on upgrades that may improve its rental appeal.
Disclaimer: This article provides general information only and does not constitute financial, investment or legal advice. Energy savings, property value and eligibility for incentives will vary depending on individual circumstances.