Why Heat Pumps Are A Great Investment For Landlords

There are plenty of reasons for landlords to install heat pumps in their properties in New Zealand. Not only do they provide an excellent source of heating, but they can also help to slash energy bills and keep tenants comfortable during the colder months.

Here are just a few reasons why heat pumps are a great option for landlords in NZ:

1. They’re extremely efficient

Heat pumps are extremely efficient, which means that tenants can save money on their energy bills. In fact, installing a heat pump can save them up to 40% on their heating costs.

2. They’re versatile

Heat pumps can be used for both heating and cooling, which makes them extremely versatile. In the summer months, they can be used to keep properties cool, and in the winter, they can be used to keep them warm.

This means that landlords are helping their tenants all year round, making them a great investment.

3. They’re good for the environment

Heat pumps are also good for the environment. They produce very little emissions, which makes them a much more eco-friendly option than other forms of heating, such as gas or oil.

4. They add value to properties

Installing a heat pump can also add value to a property. This is because they’re seen as a desirable feature by tenants, and they can also help to make a property more energy-efficient.

Some may argue that they won’t a home more valuable in terms of actualy price, but they are certainly easier to sell.

5. They’re the best way to meet the heating standard

The Healthy Homes standards became law in New Zealand on 1 July 2019 and apply to all homes with tenants.

It sets out minimum standards for heating as well as other health aspects, like insulation and ventilation, in rental properties.

The heating standard states that:

Landlords must provide one or more fixed heaters that can directly heat the main living room. The heater(s) must be acceptable types, and must meet the minimum heating capacity required for your main living room.
https://www.tenancy.govt.nz/healthy-homes/heating-standard (8/11/2022)

The World Health Organisation recommends that living rooms be heated to at least 18 degrees on the coldest days of the year, and the heaters must be permanent. Landlords that don’t meet the standard are liable for fees of up to $7,200.

6. Happy tenants are good tenants

One of the main benefits of using a heat pump for both heating and cooling in your rental property is happy tenants. Happy tenants will usually stay in your home for longer, reducing the loss of revenue from having vacant periods.

Getting the best heat pump for Tauranga

Tauranga has a unique climate as well as coastal environmental conditions – and you need a heat pump that reflects that. Talk to us today to make sure you install the perfect heat pump in Tauranga.

Heat pumps are a great option for landlords in NZ. They’re efficient, versatile, good for the environment, and a great way to achieve both happy tenants and legal compliance.