PRESS RELEASE: SolarCloud strata campaign generates $204 million in quotation requests in just 10 days
Projected savings of AU$112.65 million demonstrate overwhelming demand for a new way to reduce strata costs
KEY FIGURES
AU$204 million – Value of quotations submitted in the first 10 days
AU$112.65 million – Potential combined strata savings
Sydney, Australia – 9 September 2026 – After demonstrating how strata communities could potentially halve their strata bills, SolarCloud recorded an extraordinary response. In just the first 10 days of promotion, the company submitted more than AU$204 million in quotations.
Based on SolarCloud’s quotation modelling, these proposals represent potential combined savings of approximately AU$112.65 million for participating strata communities.
The early response highlights the significant financial pressure facing apartment owners and the growing demand for a practical, long-term solution to rising strata expenses.
SolarCloud enables owners corporations to purchase capacity in remotely located solar assets without installing solar panels or batteries on their apartment buildings. The electricity generated is sold, with the resulting financial returns provided as quarterly Australian-dollar credits.
ONE INVESTMENT. EVERY COMMUNITY COST COVERED.
– Common-area electricity and gas
– Insurance, cleaning and building services
– Repairs, maintenance and landscaping
– Lifts, pools and shared facilities
– Special levies and other approved community expenses
With sufficient SolarCloud capacity, an owners corporation may be able to substantially reduce – or potentially eliminate – the strata levies paid by individual apartment owners for an extended period.
“Receiving AU$204 million in quotation requests in only 10 days demonstrates just how urgently strata communities are searching for relief from rising costs,” said SolarCloud founder and CEO John Kennedy.
“Apartment owners have traditionally had limited access to the financial benefits of solar because they do not control their own roof and installing solar on a shared building can be difficult, expensive or simply impractical. SolarCloud removes those barriers.”
Unlike conventional rooftop solar, SolarCloud does not require suitable roof space, building alterations or the installation and maintenance of solar panels and batteries on the strata property. This makes the solution accessible to apartment buildings that may otherwise be unable to benefit from solar ownership.
SolarCloud can also be tailored to the needs and budget of each strata community. Strata managers, committees and owners corporations can enter their electricity, gas and other strata expenses into SolarCloud’s strata savings calculator, review an initial estimate and request a free, specifically tailored proposal for committee consideration.
“The potential AU$112.65 million in savings represented by the quotations issued during our first 10 days is more than a strong commercial result,” Mr Kennedy said.
“It is clear evidence of the need for a new strata savings solution. Owners corporations are looking beyond short-term cost cutting and asking how they can protect residents from continually increasing levies. SolarCloud provides a new pathway to turn remote renewable-energy ownership into meaningful financial relief for entire apartment communities.”
By reducing the ongoing cost burden attached to apartment ownership, SolarCloud may also make participating buildings more financially attractive to current and prospective owners.
For strata managers, the solution provides an opportunity to bring committees a proactive, innovative strategy that supports renewable energy while addressing one of the most pressing concerns facing apartment communities: the rising cost of maintaining and operating their buildings.
REQUEST A FREE TAILORED STRATA PROPOSAL
Strata managers, committee members and owners corporations can learn more at:
https://www.solarcloud.com.au/mystrata
ABOUT SOLARCLOUD
SolarCloud enables Australians to own capacity in remotely located solar assets without installing solar panels on their own roof. Electricity generated by the solar assets is sold, and participating customers receive Australian-dollar credits that can be directed towards eligible electricity and gas accounts or nominated financial accounts.
SolarCloud is designed for renters, apartment owners, strata communities and households without a suitable roof, giving more Australians the opportunity to participate in renewable energy and reduce their ongoing expenses.
MEDIA ENQUIRIES
Victoria Thomas
Head of Customer Experience
[email protected]
+61 474 655 688
https://www.solarcloud.com.au
Important information: Quotation values and projected savings are based on SolarCloud modelling and are estimates only, not guarantees. Actual returns and quarterly AU$ credits vary based on host-site performance, energy sale prices, fees and other factors. SolarCloud is a registered managed investment scheme. Please refer to the Product Disclosure Statement and Target Market Determination before making a financial decision.
