‘Good for residents, good for the environment’: New energy plan could mean big savings
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Rising energy costs continue to put pressure on households across Australia, making affordability a key concern for many.
While rooftop solar has helped millions cut their power bills, apartment residents have often been left out of the equation.
Now, a new initiative is aiming to change that, with promises of significant savings and a more sustainable future.
Prime Minister Anthony Albanese announced a $25 million initiative aimed at helping apartment residents in New South Wales cut their energy costs through shared rooftop solar systems.
The federal government pledged funding to assist eligible owners’ corporations and strata managers in installing solar panels, with hopes of reducing power bills by up to $600 per year.
‘There are estimates that this could save residents up to $600 a year on their power bills, so good for residents, cost of living, good for reducing our emissions, good for the environment,’ Albanese said during a press conference in Grayndler.
Currently, one in five homes in NSW were apartments, yet only 3.5 per cent of them had solar panels installed.
Energy and Climate Minister Chris Bowen stated the funding would accelerate the transition for apartments to join the four million households already benefiting from rooftop solar.
‘We now have 46 per cent of our electricity across the country being produced by renewables, 33 when we came to office,’ Bowen said.
‘That’s good progress over the last three years, we’re more than halfway to 82 per cent, but all this is on the ballot paper in the not-too-distant future when the prime minister decides all this.’
The Solar for Apartment Residents initiative would cover 50 per cent of installation costs, with up to $150,000 available per project.
Applications were open for owners’ corporations or strata managers of buildings with three to 55 units, provided they had not installed a solar system in the last 10 years, until 1 December or until funds were exhausted.
Albanese also took the opportunity to criticise Opposition Leader Peter Dutton’s $331 billion nuclear energy plan, arguing it was neither cost-effective nor environmentally friendly.
‘Peter Dutton’s so-called plan is not one that is good for energy. It’s not one that’s good for households, not one that’s good for the environment,’ he said.
Dutton’s proposal involved the construction of seven nuclear power plants across NSW, Queensland, Victoria, South Australia and Western Australia.
The opposition claimed its plan would be 44 per cent cheaper than the government’s, though its figures were based on generating 45 per cent less energy from renewables by 2050.
In a previous story, we explored the government’s latest plan to tackle rising energy costs and what it could mean for households.
With power bills continuing to climb, many Australians are looking for long-term solutions to ease the financial burden.
Read more to see how this new initiative fits into the broader push for affordable, sustainable energy.
With energy prices on the rise, do you think rooftop solar is the best solution for apartment residents? Should the government explore other options?
Let us know your thoughts in the comments.
While rooftop solar has helped millions cut their power bills, apartment residents have often been left out of the equation.
Now, a new initiative is aiming to change that, with promises of significant savings and a more sustainable future.
Prime Minister Anthony Albanese announced a $25 million initiative aimed at helping apartment residents in New South Wales cut their energy costs through shared rooftop solar systems.
The federal government pledged funding to assist eligible owners’ corporations and strata managers in installing solar panels, with hopes of reducing power bills by up to $600 per year.
‘There are estimates that this could save residents up to $600 a year on their power bills, so good for residents, cost of living, good for reducing our emissions, good for the environment,’ Albanese said during a press conference in Grayndler.
Currently, one in five homes in NSW were apartments, yet only 3.5 per cent of them had solar panels installed.
Energy and Climate Minister Chris Bowen stated the funding would accelerate the transition for apartments to join the four million households already benefiting from rooftop solar.
‘We now have 46 per cent of our electricity across the country being produced by renewables, 33 when we came to office,’ Bowen said.
‘That’s good progress over the last three years, we’re more than halfway to 82 per cent, but all this is on the ballot paper in the not-too-distant future when the prime minister decides all this.’
The Solar for Apartment Residents initiative would cover 50 per cent of installation costs, with up to $150,000 available per project.
Applications were open for owners’ corporations or strata managers of buildings with three to 55 units, provided they had not installed a solar system in the last 10 years, until 1 December or until funds were exhausted.
Albanese also took the opportunity to criticise Opposition Leader Peter Dutton’s $331 billion nuclear energy plan, arguing it was neither cost-effective nor environmentally friendly.
‘Peter Dutton’s so-called plan is not one that is good for energy. It’s not one that’s good for households, not one that’s good for the environment,’ he said.
Dutton’s proposal involved the construction of seven nuclear power plants across NSW, Queensland, Victoria, South Australia and Western Australia.
The opposition claimed its plan would be 44 per cent cheaper than the government’s, though its figures were based on generating 45 per cent less energy from renewables by 2050.
In a previous story, we explored the government’s latest plan to tackle rising energy costs and what it could mean for households.
With power bills continuing to climb, many Australians are looking for long-term solutions to ease the financial burden.
Read more to see how this new initiative fits into the broader push for affordable, sustainable energy.
With energy prices on the rise, do you think rooftop solar is the best solution for apartment residents? Should the government explore other options?
Let us know your thoughts in the comments.
