The Northern Territory Government, in partnership with the Australian Government, has launched the Northern Territory Solar for Multi Dwellings Grant Scheme on October 24, 2024. This NT solar incentive is designed to bring shared rooftop solar to apartment complexes. The program helps reduce living costs for residents of apartments and units by allowing them to access the cost-saving benefits of solar energy that previously seemed only accessible to home-owners.
About the Northern Territory Solar for Multi Dwellings Grant Scheme
Funded through a $2.35 million grant from the Australian Government’s Community Solar Banks program, this initiative enables apartment complexes in the Northern Territory to install shared solar PV systems. Managed by the NT Government’s Department of Mining and Energy, the scheme is expected to provide up to $500 in annual electricity savings per dwelling for approximately 300 households.
Key Details of the Grant
The scheme offers funding to help cover up to 50% of installation costs for shared solar systems, benefiting both homeowners and renters. Here’s what eligible applicants can expect:
- Grant Amount: Up to $7,500 per dwelling (excluding GST), capped at 50% of the total project costs.
- Eligible Applicants: Body corporates and other management entities that oversee multi-unit buildings.
- Scope of Funding: Grants can cover solar panels, inverters, solar sharing technology, smart meters, and battery storage systems, ensuring equitable power distribution among participating dwellings.
To learn more, visit the official Northern Territory Renewable Energy website.
Eligibility and How to Apply
The grant is available to apartment and unit management entities, such as body corporates, under the NT’s Unit Titles Act and Unit Title Schemes Act. To qualify, the project must:
- Supply Power to Two or More Dwellings: The solar system must be a shared setup connecting multiple apartments.
- Be Situated on Common Property: Installations must be on shared parts of the property, not individual dwellings.
- Equitable Distribution: The system must distribute power and savings evenly among participating dwellings.
Application Steps:
- Evaluate Your Property’s Suitability: Body corporates should assess the feasibility of installing a shared solar PV system.
- Prepare Supporting Materials: Include quotes from certified solar installers, as well as project details like system size and expected cost savings.
- Apply via GrantsNT: Submit applications through the GrantsNT platform with all required documentation.
Applications for the first funding round opened on October 24, 2024, and will remain open until June 30, 2025.
Solar Choice’s Role in Supporting Your Application
For apartment complexes interested in accessing this scheme, Solar Choice offers an independent, streamlined approach:
- Independent Assessment: Our team provides unbiased recommendations tailored to apartment buildings, identifying the most cost-effective and efficient solar solutions.
- Managed Tender Process: Solar Choice can assist with sourcing competitive quotes from reputable, pre-vetted solar installers.
- Grant Application Assistance: We guide clients through the entire application process to maximize the chances of funding approval.
Benefits of Shared Solar
The Northern Territory Apartment Solar Scheme is a powerful initiative to make solar more accessible to apartment residents, including tenants. It’s an important opportunity for multi-unit complexes to tap into renewable energy, reduce power bills, and contribute to a sustainable future.
Solar Choice offers a specialised service strata buildings providing an initial business case and optimal design, quotes from 3 pre-vetted solar installers and independent advice/assistance with grant applications.
For more information on other solar incentives and rebates available across Australia, including federal programs like the Small-Scale Renewable Energy Scheme (SRES), visit our guide on the Australian Government Solar Rebate. This guide covers valuable programs that help reduce the cost of solar installations for both residential and commercial projects.
Talk to a solar choice expert today no obligations to begin the process and take advantage of the scheme before it ends in June.
Talk to an experienced Solar Choice consultant about options for your Strata Building
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