Through the Solar for Apartments programme, owners' companies can obtain up to $100,000 in grants and zero interest loans for the installation of rooftop solar at each eligible apartment complex in the ACT.
The topics to be discussed are as follows:
Regarding the program
Who are eligible
Why Solar Energy for Apartments?
Reduced Energy Costs: Solar panels significantly lower electricity bills, often a considerable expense in multi-family dwellings.
Eco-Friendly: Solar energy is clean and renewable, reducing the building’s reliance on fossil fuels and associated greenhouse gas emissions.
Increased Property Value: Solar installations can increase the market value of the property and make it more appealing to sustainability-minded renters. Incentives and Rebates: Many government and state ACT programs offer incentives, rebates, or tax credits to offset installation costs.
Energy Independence: Solar power can provide a measure of independence from utility providers and protection against rising energy prices.
Regarding the program
Owners' companies can install rooftop solar at any ACT apartment complex that qualifies for the program's grants and zero-interest loans, worth up to $100,000, through the Solar for Apartments program.
Half of the funds will come in the form of a grant, while 50% is financed by a zero interest loan for which the owners would have to repay the company.
This program is co-funded up to $3.6 million under the Commonwealth Government's Solar
Banks Initiative. and the Sustainability Household Programme of the ACT Government.
More Canberrans will be able to benefit from cheaper, cleaner solar energy thanks to the Solar for Apartments Program, which will also help our city's transition to low-emissions living.
This program is expected to benefit over 2,100 households and may result in a 35 percent reduction in electricity bills for Canberrans who live in apartments.
This program enables apartment homeowners to benefit from solar energy while also maintaining our commitment to being a global leader in climate action.
The Solar for Apartments initiative will assist renters in lowering their energy expenses and contribute to the ACT's use of affordable, clean solar energy.
The inhabitants of multi-unit developments, many of whom are renters, will be benefited from these solar installations.
Related article: Solar Panel on Strata buildings
Who are eligible Solar for Apartments in Australia
The Program is open to owners corporations, also known as body corporates, who are in charge of an eligible apartment complex located within the ACT.
The average unimproved value of a unit on the premises must be $300,000 or less in any year starting in 2022 in order to be eligible.
The premises also have to:
possess a Class A unit plan, as specified by the Unit Titles Act of 2001, and be built in the style of an apartment complex.
be finished development when the application is made.
there are no solar panels installed on their rooftops.
The solar installation must benefit every occupant of the building.
To ensure that they can repay the loan component, the owners corporation must also meet the standards established by Brighte, the loan provider.
Fill up the Registration for the Solar for Apartments Program form in order to sign up for the program.
You need to fill out the registration form by following these steps:
Give information about your apartment building and nominate a contact person.
Read and understand the terms and conditions of the Solar for Apartments programme.
If your owners corporation has an Electricity Embedded Networks contract, confirm with your electricity retailer that your contract won't limit the benefits of the solar installation being shared with the residents of the apartment complex.
You can use the Embedded Network Contract confirmation template to do this.
We will assess your registration and give you the results. We will notify you of the next steps when your registration has been successfully completed.
Frequently Asked Questions On Solar For Apartments Program
Can Renters Install Solar Panels?
Renters have limited control over structural modifications so installing solar panels may require landlord approval. Consider community solar programs as an alternative.
What Are Solar Incentives For Apartment Dwellers?
Many regions offer solar incentives such as tax credits, rebates, and net metering, which can be available for apartment residents participating in solar programs.
How Does Solar For Apartments Work?
Solar for apartments typically involves shared solar panel systems installed on the building, with benefits distributed among the residents or through subscription-based community solar projects.
Is Solar Power Cost-effective For Apartments?
Solar power can be cost-effective for apartments by reducing electricity bills and possibly providing financial incentives like tax credits, depending on the local regulations and solar policies.