Owners corporations in the ACT are now able to register for the Solar for Apartments Program.
The program provides owners corporations up to $100,000 in grant funds and access to a zero-interest loan, to install rooftop solar in eligible apartment complexes in the ACT.
Eligible owners corporations need to apply to the Solar for Apartments program to get funding.
50% of the funds are in the form of a grant and 50% is funded by a zero-interest loan that the owners corporation will need to pay back.
Quotes attributable to Chief Minister Andrew Barr
The Solar for Apartments Program will allow more Canberrans to enjoy cheaper, cleaner energy from solar and further support our community's transition to a low emissions future.
This program is co-funded up to $3.6 million under the Solar Banks Initiative of the Australian Government and the ACT Government's Sustainable Household Scheme.
The benefits of these solar installations will flow to the residents, many of which in multi-unit developments are renters.
This announcement comes as the Sustainable Household Scheme reaches a significant milestone of 20,000 applications – more than 1 in 10 households in Canberra accessing the award-winning scheme to address cost of living pressures while reducing their carbon footprint.
It is anticipated that over 2,100 households will benefit from this program, which could provide a 35 per cent reduction in electricity bills for Canberrans living in apartments.
This program supports our commitment to being a global leader in climate action and allows apartment households to share in the benefits of solar.
Quotes attributable to Minister for Water, Energy and Emissions Reduction Shane Rattenbury
"Most people living in apartments so far haven't been able to access the benefits of solar power, and this program will help to change that.
"The Solar for Apartments program will support apartment residents to reduce their energy costs and help to power the ACT with cheap, clean solar energy.
"It makes good sense to use available roof space to power our city and I look forward to seeing more solar on apartments as this program is delivered.
Quotes attributable to Brighte founder and CEO, Katherine McConnell:
"Brighte is proud to continue supporting the ACT Government's nation leading programs by extending finance to apartments, making sustainability more inclusive, affordable and accessible to everyone."
Brighte is the exclusive finance and administration provider of the ACT Government's Sustainable Household Scheme.
For more visit www.climatechoices.act.gov.au.
