- Zero interest loans up to $15,000 now available for eligible ceiling insulation products
- Supports new energy efficiency standards for rental properties in the ACT to reduce bills and emissions
- Brighte’s decarbonisation platform enables vendor accreditation, installation tracking and finance provision
ACT rental providers can now apply for zero-interest loans up to $15,000 for ceiling insulation through the Sustainable Household Scheme, exclusively administered by decarbonisation financier and enabler Brighte.
The move supports new regulation coming into effect in April 2023, requiring all residential rental properties in the ACT to meet a new minimum energy efficiency standard for ceiling insulation.
Brighte CEO Katherine McConnell said Brighte’s market leading platform was supporting the ACT’s aspiration of net zero emissions by 2045.
"We know rental properties have a big role to play in reducing emissions so we’re pleased to support the inclusion of insulation to make homes for renters more sustainable and comfortable, as well as deliver lower bills.”
“Our team has worked closely and collaboratively with the ACT Government, the Energy Efficiency Council and industry providers to co-design a simple, safe and streamlined solution for ACT residents, that leverages our best in class finance, administration and vendor management capabilities.”
“This means Brighte now covers the field in sustainability, supporting household products for generation and storage, electrification and energy efficiency for green schemes.”
“Today’s announcement is just another example of Brighte making the implementation of government policy a reality.”
According to the ACT Government, around half of the energy used in an average Canberra home is for heating and cooling, with insulation helping to keep homes comfortable during the ACT’s cold winters and hot summers.
Under the Scheme, Brighte will accredit insulation vendors for participating in the Scheme, provide finance to eligible applicants and support the ACT Government’s safety and compliance regime.
Customers can only purchase insulation materials that comply with Australian Standards, and the final product R-value must be R5 or higher.
The ACT Sustainable Household Scheme has exceeded expectations with over $110 million in settled loans from over 9,000 Canberra households as on February 2023.
Last month, the ACT Government committed an extra $50 million for the program and extended Brighte’s tenure as exclusive finance and administration partner for another two years.
Brighte also administers the Tasmanian Government’s $50m Energy Saver Loan Scheme, which offers no-interest loans up to $10,000 for energy-efficient upgrades.
Brighte is on a mission to make sustainability accessible and affordable, offering consumers a fast and easy way to pay for solar, battery, home electrification and energy efficiency.
Brighte has to date helped over 120,000 households get solar sooner, partnering with over 2,000 solar retailers nationally and processing more than $1.6 billion in finance applications.
A purpose-led business supporting the power shift to the home, Brighte financed installations have the capacity to reduce household CO2 emissions by over 1 million tonnes each year, representing over 800MW of solar generation capacity.
Brighte is bringing home the power of the sun and making the benefits of clean energy accessible and affordable to Australian families. The company is headquartered in Sydney, Australia.