The proposal would provide $2 billion over 4 years in grant funding through the Apartment Dwellers Energy Upgrade Fund (ADEUF), building upon the existing $1 billion currently administered by the Clean Energy Finance Corporation (CEFC).

The ADEUF would support apartment dwellers to join in on the renewable revolution with energy upgrades that will lower energy bills, including battery-ready solar PV and modern appliances. The funding would also support tenants and owners to change strata rules, engage consultancies and electricians with the expertise necessary to transform apartments into solar and storage energy station with the benefits shared between occupants.

The proposal would be non-ongoing, distribute funding evenly over 4 years, with departmental funding drawn from within the capped amount, and would start from 1 July 2026.