Hero Building, 118 Russell Street Melbourne

Sustainable Melbourne Fund is proud to announce the successful financing of a residential strata building’s solar installation. The Hero building, 118 Russell Street Melbourne, today launched the solar array which will power the 149 apartments in the boutique Hero Building on Russell Street.

The original nine storey building once housed a telephone exchange and postal hall. In 1999 it was converted into a 14 storey building housing a variety of boutique apartments with retail at the ground and basement level by renowned Melbourne architect, Nonda Katsalidis.

The owners of the historic Hero Building have installed a 50kW solar panel system to power the lighting and ventilation systems in the common areas of the 60 year old building.

“The owners have united and demonstrated that you can install solar on buildings of all shapes and sizes, including historic buildings,” said Lord Mayor Robert Doyle.

“There are 58,000 dwellings in the municipality covered by strata schemes and more than 1.5 million square meters of commercial strata titled property. Residents and businesses within these properties can access 100 per cent finance for environmental upgrades through the Sustainable Melbourne Fund,” said Cr Arron Wood.

The 200 solar panels will generate around 53,000 kWh of electricity per year and will reduce greenhouse gas emissions by 66 tonnes each year, equivalent to the annual electricity usage of more than 13 residential homes.

Tricia Caswell, resident and member of the Hero Owners Corporation Committee said “the solar panels were installed by a local business, Envirogroup. The panels will be paid off in around eight years and will produce ongoing savings on our electricity bills. We’re all proud to live in a boutique building, but now we have the feel good factor that comes from doing something good for the environment as well. We see installing solar as an investment in the value of the whole building.”

If you would like to understand how Sustainable Melbourne Fund can finance your strata energy efficiency or solar installation please contact Michael Lambden via email or on 9658 8740