$3.6 million in shared solar for ACT apartments

The Australian Government has announced a co-funding initiative with the ACT Government that will enable more than 2100 Canberra apartment residents to receive shared solar.

Through the $3.6 million Solar for Apartments scheme, body corporates can apply for up to $100,000 to install solar with eligible providers. (Half of the $100,000 will be provided as a grant and half as an interest-free loan.)

The program aims to provide reliable, renewable energy to the previously under-served apartment sector. It could help to reduce electricity bills by up to 35% for residents, according to the government.

Body corporates can find more information about registration by visiting: https://www.climatechoices.act.gov.au/policy-programs/solar-for-apartments-program.

The program will receive $1.8 million from the Australian Government in grant funding and $1.8 million as zero-interest loans from the ACT Government’s Sustainable Household Scheme.

Image credit: iStock.com/Daniiielc