$25M Solar Initiative for NSW Apartments
An initiative worth £25 million has been introduced to facilitate the installation of shared rooftop solar systems in apartment buildings throughout New South Wales. This initiative, supported by both state and federal Labour parties, aims to provide residents in apartment blocks, social housing, and other similar dwellings with the opportunity to benefit from renewable energy sources and reduce their electricity bills.
The joint effort between the New South Wales state government and the federal government was initially announced in January last year. The launch took place at a nine-unit block in Ashfield, Sydney, where solar panels have already been installed, resulting in significant savings for residents.
Financial Support and Eligibility
Owners, corporations, and strata management companies are eligible to receive co-funding under this scheme to transition to solar energy. The initiative offers grants of up to £150,000 per project, with applications closing on 1st December this year. Apartments or multi-unit dwellings with 3 to 55 units that have not had a solar PV system installed in the last decade are encouraged to apply.
Prime Minister Anthony Albanese highlighted that this initiative could potentially save residents up to £600 annually on their electricity bills, providing a dual benefit of cost savings and environmental sustainability.
Expanding Renewable Energy Access
Minister for Climate Change and Energy Chris Bowen emphasised the importance of accelerating the transition to renewable energy, especially in apartment buildings where only a small percentage currently benefit from rooftop solar systems. The government aims to make this transition smoother and quicker for residents.
The £25 million initiative is part of a larger £206 million fund allocated by both the NSW and Federal governments. This fund will focus on upgrading energy systems in social housing, electrifying apartment buildings, and establishing solar banks, also known as solar gardens.
Solar gardens are designed to offer the advantages of renewable energy to individuals who may not have access to rooftop solar installations. By purchasing or leasing ‘plots’ within a solar array, participants can benefit from reduced electricity bills as the generated power is sold back to the grid.
Community Impact and Future Plans
The Community Power Agency’s Director, Kristy Walters, highlighted the significance of community energy projects like solar gardens in driving the transition to renewable energy and fostering social inclusivity.
Rewiring Australia CEO Francis Vierboom welcomed the initiative, acknowledging the barriers apartment residents face in accessing solar energy. However, Vierboom also called for more ambitious measures, such as mandating the use of all-electric appliances in new buildings.
Climate Councillor and economist Nicki Hutley praised the initiative for ensuring all Australians, regardless of their dwelling type, can benefit from affordable and sustainable solar energy. The move is seen as a step towards reducing energy costs and cutting down on harmful emissions.
Various states in Australia, including Victoria, the ACT, and the Northern Territory, offer rebates and grants for installing rooftop solar systems in apartments and shared dwellings, reflecting a broader national shift towards renewable energy sources.
The initiative in New South Wales marks a significant step towards making renewable energy more accessible and affordable for all residents, contributing to a greener and more sustainable future.
