In a groundbreaking move, the Victorian government has joined forces with the federal Labor government to launch the Solar for Apartments program, heralding a new era of sustainable living for apartment residents.
With applications now open for the first round of funding, this initiative marks a significant step towards making rooftop solar accessible and affordable for thousands of households across Victoria.
The program, backed by a substantial $16 million investment, aims to address the dual challenges of cost and complexity that have traditionally hindered the adoption of solar power in apartment buildings.
By offering rebates of up to $2,800 per apartment or $140,000 per building, the initiative aims to incentivize around 5,000 apartment owners and renters to embrace solar energy.
At its core, Solar for Apartments seeks to streamline the installation process, simplifying the often intricate landscape of bodies’ corporate and tenant requirements. This means smoother navigation for residents, ensuring that the benefits of rooftop solar are within reach for all.
Owner’s corporations will have the flexibility to choose from multiple installation options, including individual solar PV systems, large-scale installations with solar-sharing technology, or a combination of both. This versatility ensures that the program caters to the diverse needs of apartment buildings, regardless of size or configuration.
The response to the program has been overwhelmingly positive, with over 500 registrations of interest received from various stakeholders, underscoring the pressing demand for equitable access to renewable energy solutions.
As applications for the first round of funding remain open until April 15, there has never been a better time for apartment residents to embrace the solar revolution.
Eligibility Criteria for Solar Grants
In addition to the exciting rebate opportunities, the Solar for Apartments program outlines specific eligibility criteria for Victorian apartment buildings seeking to participate in this green initiative. Here’s what you need to know:
1. Owners Corporations (OCs) with Up to 50 Apartments
Grants will be provided to OCs managing apartment buildings with up to 50 occupiable lots or apartments. However, it’s essential to note that OCs will need to sign a funding agreement to proceed with the application process.
2. Flexible Application Process
While OCs are primarily responsible for initiating the application process, apartment residents and strata managers can also kickstart the application, ensuring a more inclusive approach to accessing solar grants.
3. Building Eligibility Criteria
To qualify for the solar grants, your building must meet the following criteria:
✅ Height: Be no more than 8 storeys tall.
✅ Development Status: Be a completed development at the time of application.
✅ Building Classification: Classified as a Class 2 domestic building under the National Construction Code.
✅ Median Apartment Value: Have a median capital improved apartment value that does not exceed $950,000.
✅ Solar History: Have not had a solar (PV) system installed in the last ten years.
✅ Location: Be situated within the State of Victoria.
✅ Exclusions: Not be a retirement village, commercial building, or owned by specific entities such as local councils, property developers, or community housing organizations. Additionally, the building should not be connected to an embedded network for its electricity supply.
4. Initiating Your Application
If your building meets the eligibility criteria outlined above, you can commence your application process. Don’t miss out on this opportunity to harness the power of solar energy and contribute to a more sustainable future for Victoria.
Ready to take your step into a more sustainable community? Reach out to us today to receive your personalized quotation and discover if you qualify for our program.
