Huglo team
January 9, 2024

Rooftop Solar: A Timely Investment for ACT Owners Corporations

Rooftop Solar: A Timely Investment for ACT Owners Corporations

For owners corporations in the Australian Capital Territory (ACT), there's never been a more opportune moment to consider rooftop solar installations on their apartment complexes. Here are five compelling reasons:

  1. Generous Government Funding: The ACT Solar for Apartments Program, supported by both the ACT and Federal Governments, offers up to $50,000 in grants and an additional $50,000 in interest-free loans over a 10-year period. This initiative substantially reduces the financial barriers to adopting solar technology.
  2. Innovative Sharing Technology: The Australian-developed SolShare technology allows for an equitable distribution of solar energy from a single, large rooftop system to every apartment in the complex. This groundbreaking device ensures that all residents benefit equally from the solar installation.
  3. Affordable Solar Panels: Currently, solar panel prices are at their lowest in four years. This reduction is due to decreased costs in raw materials and shipping, making it a cost-effective time for installation.
  4. Rising Electricity Prices: With the ongoing increase in retail electricity prices, investing in solar power now promises better financial returns for consumers.
  5. Expertise of Huglo Solar: As a local partner with a strong background in solar electrical expertise and financial acumen, Huglo Solar stands out with its proven track record in customer satisfaction. They offer personalized consultations for designing and installing rooftop solar solutions, assessing their economic benefits for your specific needs.

Who is Huglo Solar

Located in Mitchell, Huglo Solar comprises a team of experienced solar and battery electricians and customer service professionals. We are recognised for superb customer service outcomes.

Our team possesses extensive expertise in evaluating the financial potential of renewable energy projects. Leveraging this proficiency, we are equipped to offer you an unbiased assessment of the added value your investment brings. This analysis ensures a thorough understanding of the economic benefits of your renewable energy venture.

Contact us today for a complimentary, customized business case that details the design, installation, and financial benefits of a new rooftop solar system for your apartment complex. Discover how this solution aligns with your budget and maximizes your investment returns.

ACT Solar for Apartments Program

What is it all about

The Solar for Apartments Program provides owners corporations up to $100,000 in grant funds and a zero-interest loan, to install rooftop solar ateach eligible apartment complex in the ACT. Owners corporations need to apply to the Solar for Apartments program, to get funding. 50% of the funds are in the form of a grant and 50% is funded by a zero-interest loan that the owners corporation will need to pay back. This Program is co-funded up to $3.6 million under the Solar Banks Initiative of the Commonwealth Government and the ACT Government’s Sustainable Household Scheme. Owners corporations, also known as body corporates, that manage aneligible apartment complex within the ACT, can apply for the Program.

What are the eligibility requirements for the grant and loan

The premises must also:

  • have an average unimproved value of a unit for the premise must be $300,000 or less in any year from 2022
  • be an apartment complex style structure with a Class A unit plan as defined in the Unit Titles Act 2001
  • be a completed development at the time of application for the grant and loan
  • not already have rooftop solar in place.
  • All residents of the premise must benefit from the solar installation.

SolShare: Revolutionising Solar Sharing

SolShare represents a significant advancement in solar technology, enabling a single rooftop solar system to distribute energy evenly among all apartments in a complex. This Australian innovation ensures that all participants (5 - 60 apartments per device) receive equal benefits from the solar installation, regardless of individual energy usage. Huglo Solar, certified by SolShare's manufacturer Allume Energy, offers expertise in installing these systems, backed by a 10-year manufacturer's warranty.

Why Choose Huglo Solar

  • Local Presence: A dedicated team based in Mitchell, fostering local talent and expertise.
  • Extensive Experience: Over 1,000 solar systems installed, with broad experience in various solar and battery systems.
  • Government Scheme Expertise: Proven track record in delivering systems compliant with the ACT government's Sustainable Household Scheme.
  • Qualified Team: Directors with over a decade of experience in solar and battery systems, and a finance expert specializing in renewable projects.
  • Comprehensive Services: Beyond solar solutions, they offer holistic building assessments for future-proofing, including EV chargers and energy-efficient systems.
  • Customer-Centric Approach: Providing additional electrical services, ensuring all your needs are met with expertise and care.

Embrace this opportunity to make a sustainable and economically sound decision for your apartment complex with Huglo Solar.

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