Under the partnership Brighte - the sef-described green financier - will manage the provision and administration of finance to ACT residents, deliver program administration services and manage the Scheme’s suppliers and installers for the $150 million Sustainable Household Scheme.
The program is the claimed first of its kind in Australia that offers zero-interest loans of between $2,000 to $15,000 for a range of energy upgrades broader than just solar and batteries. It also includes electric heating and cooling, hot water pumps, electric stove tops, electric vehicles (EVs) and EV chargers.
The appointment of Brighte to manage the Sustainable Household Scheme covers the first 12 months of the scheme’s operations with a government option for a further 12-month extension.
Brighte Founder and CEO Katherine McConnell says she is excited to be helping families in the ACT make their homes more sustainable.
“Brighte is deeply invested in the renewable energy transition and we are excited by the opportunity to play a role in making clean energy more affordable, accessible and available to residents of the ACT,” she said.
“This is the first time a program of this nature has been put to a competitive tender process which is important for the continued growth of an innovative and competitive renewable financing sector and delivering value to households.
“We’ve already helped tens of thousands of Australian families experience the benefits of sustainable household energy, cutting their bills and lowering emissions – and now we want to take this to a new level in the ACT.”
McConnell said Brighte had also played a role in helping grow many local businesses and was confident that the job creation off the back of this program will be a boost for the territory’s economy as well.
“Brighte is on a mission to make every home sustainable, so there is a strong and natural alignment between our purpose and the Scheme’s objectives,” she said.
“We look forward to delivering a successful scheme for ACT households and partnering with other like-minded organisations to accelerate the transition to sustainable homes and a clean energy future.”
Brighte has also announced a move into the electric vehicle financing space for the first time and as part of the Sustainable Household Scheme, and will support the offering of loans for EVs and EV chargers in the ACT.
“Using this as a foundation, Brighte plans to offer loans for EVs nationally over the next year making them more widely available as it moves into clean vehicle finance,” McConnell said.
“The growth of electric vehicles is both an inevitability and opportunity Brighte can help households take advantage of.
“Brighte is perfectly positioned to offer EV finance to complement our range of sustainable finance offerings. EVs aren’t just going to play role on our roads - but also in driving smart sustainable homes.”