Australia's leading decarbonisation enablement platform, Brighte, has welcomed the Federal Government's budget investments in household energy efficiency and electrification as a positive step forward for affordability and sustainability that has been missing in previous budgets.
Brighte's Founder and CEO, Katherine McConnell, said, "This is the investment that is needed to kickstart the transition. It has been long overdue, and it's great to see household energy front and centre."
The Federal Government has announced $1.6 billion in new funding, including concessional finance for households, tax deductions for small businesses, and investments in social housing.
The investments will benefit Australian households and small businesses by reducing energy costs while also helping to meet the country's emissions reduction targets.
As a provider of concessional finance for two State Governments, Brighte has witnessed how finance can positively impact the cost of living and energy bills for businesses. Katherine McConnell stated, "We are particularly excited about the $1 billion investment into concessional finance and the ability of finance to accelerate the transition."
Katherine McConnell applauded the focus on social housing and low-income households, saying, "We welcome the equity focus and ensuring no one is left behind in this transition. Energy affordability is a huge problem, and daily, we see how solar and energy efficiency can positively impact the cost of living."
The investments in energy efficiency and electrification in this budget will be a significant step towards a greener and more sustainable future for Australia. Brighte looks forward to seeing more details on these initiatives and to working with the government to make a positive impact on the lives of Australians.
About Brighte
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.