<
https://onestepoffthegrid.com.au/why-incentives-arent-enough-to-drive-energy-efficiency-in-rental-homes/>
"Around a third of Australians now live in rental accommodation, which means, a
significant number of us risk being excluded from renewable energy initiatives
and energy efficiency upgrades.
Energy efficiency upgrades can increase the value of a property, reduce
emissions, make a home healthier and more liveable for tenants, and lower the
cost of a tenant’s energy bills.
But landlords don’t personally benefit from installing energy efficient
products – whether it’s heat pumps, solar panels, or insulation – until they
raise the rent or sell the property.
And financial incentives alone have proven to be ineffective in incentivising
landlords to undertake energy-efficiency upgrades.
“They’re disincentivised from doing it, and tenants are disincentivised from
even raising it because they don’t want higher rent,” Alastair Matcott from
Green Energy Trading told the
SwitchedOn podcast.
This is commonly referred to as the split incentive where landlords lack
motivation to improve energy efficiency because tenants pay the energy bills.
Dealing with the split incentive is imperative if Australia’s rental sector is
not left behind in the energy transition."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
