Owners Corporations: Also known as body corporates, these entities must manage an eligible apartment complex within the ACT.

Example: Any legally recognised group responsible for managing shared spaces in apartment complexes.

Average Unimproved Value: The average unimproved value of a unit must be $300,000 or less, as of any year from 2022.

Brief Description: This refers to the land value of the property without any buildings or improvements. It's assessed to ensure the program supports properties within a specific financial threshold.

Eligible Properties

• Apartment Complex Type: Must be a completed apartment complex with a Class A unit plan as defined in the Unit Titles Act 2001.
• No Existing Solar: The property should not already have rooftop solar installed.

Financial Eligibility

• Loan Assistance: Half of the funding comes as a zero-interest loan from Brighte, ensuring manageable repayments without financial strain.
• Repayment Criteria: Applicants must meet Brighte’s credit requirements to confirm they can sustain the loan repayment over time.