An innovative ‘solar for renters’ service for dual occupancy properties has been launched by Australian start-up, Matter Technology, utilising the concept of blended energy for renters.
Building on the concept of dual occupancy properties, whereby a landlord collects two rentals from a single property, Matter took the thought one step further and developed a shared solar system.
According to the company, ‘Solar for Rentals’ is a service that provides a straight forward way for property investors to generate considerable value from selling solar power produced on their investment property to their tenants.
Instead of power utilities making all the money the tenant pays the landlord a reduced rate for solar power produced during the day. It’s a win-win, but it can make considerable value to a property investor.
The development may open up other share services, such as hot water systems, air conditioning or evaporative coolers.
How it works
“In a dual-occupancy tenants are charged for a premium energy product – Blended Energy – using Matter’s energy plan based on a ‘pay as you go’ energy plan.
“So renters only pay for Blended Energy that they consume which [is] worked out using Matter’s very accurate smart meters that measure this new Blended Energy. Matter’s … technology … works out what portion of the Blended Energy is from the grid and what portion of the Blended Energy is from solar being manufactured from the dual-occupancy’s roof. Each tenant in the dual-occupancy receives a bill as part of the … service. Each Dual-Occupancy bill breaks down how the charges are arrived at. Tenants are able to also see how much they saved by using Blended Energy.”
The blended energy plan uses a ToU rate for the grid energy portion of the blended energy and a flat rate for the solar energy proportion. The flat rate is normally priced at 20% less than what a tenant would pay from the utility for daytime power, so the tenant wins.
Matter uses smart meters for measuring blended energy that are accurate but less expensive than utility grid meters. This avoids the property investor running separate solar electricity wiring to each tenancy, and metering them individually. Matter believes it’s “a very practical way to bill dual-occupancy tenants for solar power that is mixed with grid energy that becomes blended energy.”