The tenant of my Sebastopol house has somehow managed to run up an electricity bill of $4000 (!) which he blames on the fact that the house has electric h.w. and electric underfloor heating in the slab (the sort of thing that was popular in the UK in the 1960s when we were told that nuclear power would be so cheap they'd all but give it away) and has asked I'd consder installing something more affordable
I'm perfectly open to this as long as I get around 10% return - say 5% return on capital and 5% to allow for the system needing to be replaced down the line. If cost was secondary (i.e. assuming the tenant would pay more for something better) what would forum members suggest? It's a better than average 4-bed house built 1975 so probably no wall insulation. The house doesn't have gas currently - don't know whether it's in the road.
I'm perfectly open to this as long as I get around 10% return - say 5% return on capital and 5% to allow for the system needing to be replaced down the line. If cost was secondary (i.e. assuming the tenant would pay more for something better) what would forum members suggest? It's a better than average 4-bed house built 1975 so probably no wall insulation. The house doesn't have gas currently - don't know whether it's in the road.