The Albanese Labor Government, in collaboration with the Minns NSW Government, has introduced a $25 million initiative aimed at helping apartment residents reduce their energy bills by up to $600 annually.
The Solar for Apartment Residents program, the first of its kind in New South Wales, provides co-funding for eligible owners’ corporations and strata managers to install shared rooftop solar systems. With one in five NSW homes being apartments but only 3.5% utilizing solar energy, the initiative seeks to expand access to renewable technology and lower electricity costs for residents.
Under the program, up to 50% of the cost of installing shared solar systems will be covered, with a maximum cap of $150,000 per project. The funding is part of the Albanese Labor Government’s Solar Banks Scheme, which aims to eliminate barriers to solar adoption across the country and aligns with the NSW Government’s Consumer Energy Strategy.
The program will be managed by the NSW Government, responsible for assessing applications, distributing funds, and overseeing the implementation of projects. Owners’ corporations or strata managers of apartment buildings with 3 to 55 units that have not installed a solar PV system in the past 10 years are eligible to apply.
Applications are now open and will close on December 1, 2025, or when funds are fully allocated.
Prime Minister Anthony Albanese emphasized the program’s role in reducing energy costs and promoting sustainability.
“We are building Australia’s future by ensuring that all Australians have access to essential infrastructure and services,” he said. “By working with the Minns Government, we are encouraging the use of solar panels to help cut electricity costs for residents. This initiative is good for families and good for the environment.”
Minister for Climate Change and Energy Chris Bowen highlighted the importance of making solar more accessible.
“We want to make it cheaper and easier for every Australian to install rooftop solar. Whether it’s a house or an apartment, everyone should benefit from cleaner, more affordable energy,” Bowen said. “Historically, apartment residents have faced difficulties accessing solar, but this program removes those barriers and expands renewable energy adoption.”
NSW Minister for Climate Change and Energy Penny Sharpe echoed this sentiment, noting that the initiative would make solar power more attainable for apartment dwellers.
“Solar should be available to everyone. This program removes the barriers to renewable energy for units and apartments, making it easier and more affordable to adopt solar,” she said.
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