Why do so few apartments in Sydney and Melbourne have cost-saving solar panels?

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Why do so few apartments in Sydney and Melbourne have cost-saving solar panels?
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It’s a question that has long frustrated governments and apartment dwellers, particularly as Australia is a world leader in rooftop solar.

Energy consultant Brent Clark estimates that a measly 3.3 per cent of greater Sydney’s 49,000 apartment buildings have solar installed. In Melbourne, there are probably fewer.It’s a question that has long frustrated governments and apartment dwellers, particularly as Australia is a world leader in rooftop solar rollouts.

“We had a lot of on-site meetings, I’d say at least three or four, just to discuss costs in the process,” Richmond says. But last summer his family had no energy bills for two months, and, overall, they use about 35 per cent less energy, he estimates. “We’re really looking at probably seven years to get our money back.”

“The number one barrier for strata buildings is this: roughly half of all apartments in Australia are let to tenants, in other words, they’re owned by investors,” he says. “Owner-investors just haven’t been on board because they’re not getting a direct benefit from the solar.”Allume Energy’s Cameron Knox

Rawady fits that role. She and her husband moved back to Australia in 2018 from Mexico, where they had lived in a solar-powered home. The couple were keen to connect panels in their Doncaster apartment block. Solar Victoria’s chief executive Stan Krpan said about 365,000 Victorian households had so far benefited from $34 million over two tranches in joint federal and Victorian government rebates, primarily through funding for solar, batteries and hot water installations.

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