The Albanese Labor Government is working with the Minns NSW Government to deliver a new $25 million program to help apartment residents save up to $600 on their energy bills annually.
The Solar for Apartment Residents incentive is the first-of-its-kind in NSW and provides co-funding to eligible owners' corporations and strata managers to install shared rooftop solar systems.
Currently one in five NSW homes are apartments, yet only about 3.5 per cent of those are connected to solar.
This program will expand access to renewable technology and lower the cost of resident's power bills.
It will cover up to 50 per cent of the cost of installing shared solar systems on apartments or other multi-unit dwellings, up to a maximum of $150,000 per project.
The incentive is funded by the Albanese Labor Government's Solar Banks Scheme, which is focused on removing the barriers to accessing solar nationwide, and is a key action in the NSW Government's Consumer Energy Strategy.
The program is designed and administered by the NSW Government, which will assess and approve applications, distribute funding to grant recipients and oversee the delivery of funded projects.
Owner's corporations or strata managers of apartments or other multi-unit dwellings with 3-55 units that haven't had a solar PV system installed in the last 10 years are eligible to apply.
Applications are now open and will close on 1 December 2025 or when funding is exhausted.
