Shine On: Solar Grants Available Now for NSW Apartments!

Are you an apartment resident in New South Wales dreaming of lower electricity bills and a greener future? The good news is, making that dream a reality just got easier! A significant grant program is now available to help apartment buildings install solar panels, slashing energy costs for residents and boosting property values.

Want to learn more about the options available to strata buildings? Check out our Complete Guide.

The NSW Solar for Apartment Residents Program: A Bright Idea

The NSW government, with financial support from the Australian Government, is offering grants specifically targeted at apartment buildings and other multi-unit dwellings to encourage the uptake of shared solar photovoltaic (PV) systems. This initiative recognises the growing need for innovative energy solutions as energy prices continue to climb and more Australians choose apartment living.

Currently, less than 2% of apartment buildings across NSW have embraced solar power. This program aims to significantly increase that number, allowing both owners and renters to benefit from clean, affordable energy.

How Does the Grant Work?

The "Solar for Apartment Residents" program provides funding to cover up to 50% of the eligible costs associated with installing a shared solar system. A total of $25 million in grant funding is available, with individual projects potentially receiving up to $150,000. This substantial financial support can make solar power a much more accessible and attractive option for apartment buildings.

Key Benefits of Solar for Apartments:

• Reduced Energy Bills: Solar power can significantly lower electricity costs for residents, providing substantial savings over the lifespan of the system.
• Increased Property Value: Installing solar panels can increase the value of apartments, making them more attractive to potential buyers or renters.
• Environmentally Friendly: Solar energy is a clean, renewable source of power that reduces greenhouse gas emissions and helps combat climate change.
• Improved Energy Independence: Solar panels allow apartment buildings to generate their own electricity, reducing reliance on the grid and mitigating the impact of fluctuating energy prices.

Who Can Apply?

It's important to note that individual apartment residents cannot directly apply for this funding. Applications must be submitted by either the owners corporation (also known as the body corporate) or the strata manager on behalf of the building.

If you're an apartment resident, the best thing you can do is share this information with your owners corporation or strata manager and encourage them to explore this fantastic opportunity!

Application Process: A Step-by-Step Guide

Here's a general overview of the application process:

1. Check Eligibility: The owners corporation or strata manager should carefully review the grant guidelines to ensure the building meets all eligibility criteria.
2. Submit Initial Application: An online application must be submitted through the appropriate government portal. The application will be reviewed for initial eligibility.
3. Obtain Quotes: If the initial application is deemed eligible, the next step is to contact accredited solar installers and obtain at least two different quotes for the proposed solar system installation.
4. Communicate with Residents: It's crucial to keep residents informed about the proposed solar project and address any questions or concerns they may have. Transparent communication fosters buy-in and ensures a smooth process.
5. Update Application: Once you have the quotes and have communicated with residents, you'll need to update your application with all the required information and supporting documentation.
6. Application Assessment: The government will then assess the complete application and advise you of the outcome.
7. Funding Deed: If your application is approved, you'll need to sign a funding deed outlining the terms and conditions of the grant.
8. Installation and Documentation: Once the funding deed is signed, you can proceed with the solar system installation. Be prepared to provide documentation at various stages of the project to receive payments as outlined in the funding deed.

Eligible Costs

The grant covers up to 50% of eligible product and installation costs directly related to the solar system. While a comprehensive list is available in the guidelines, it's safe to assume that any item directly required to install and operate the solar system in compliance with relevant Australian standards is likely to be considered. It's always best to clarify with the program administrators if you have any questions about specific items.

Important Dates and Considerations

The program has a deadline. Applications close at 5 pm on 30 March 2026, or earlier if the funds are fully allocated. Don't delay!

• Act Now: The available funding is limited, so it's essential to act quickly to avoid missing out on this valuable opportunity.
• Consult with Professionals: Seek advice from accredited solar installers and energy consultants to determine the best solar solution for your apartment building. They can help you navigate the application process and ensure a successful installation.

By taking advantage of the Solar for Apartment Residents program, your NSW apartment building can shine a little brighter, saving money, reducing emissions, and creating a more sustainable future for all.