Hanwha Q CELLS Australia and Brighte: An Innovative Partnership
Q CELLS Australia is partnering with Brighte to bring to market an exciting opportunity aimed at making high performance solar panels accessible for more Australians.
The partnership led to the development and introduction of Q CELLS FINANCETM powered by Brighte which was officially launched in September 2018.
Q CELLS FINANCETM powered by Brighte provides the opportunity for solar vendors to sell more high quality, high performance Q CELLS products to customers by offering flexible 0% interest* payment plans for solar systems that utilise Q CELLS products. The payment solution allows vendors to be paid upfront while offering customers flexible payment plans and the ability to pay back their purchases over terms up to 60 months^.
The biggest barrier to the uptake of solar energy is that many households don’t have the finance to fund the upfront costs of the system. With energy prices soaring by over 40% and wages only increasing by 6%, solar is no longer a luxury but a necessity for Australians to combat this increasing household cost. Even though the price of panels has decreased, purchasing a system outright is not always an option, which is where Q CELLS FINANCETM powered by Brighte’s interest free payment plan comes in.
Brighte believes that all Australians deserve access to products aimed at reducing the cost of living, and to harness the benefits of solar today with the ability to pay off the system over time.
“Everything we do is based around our core belief that every Australian family deserves access to a sustainable home and an affordable way to pay for their home energy purchases,” says Katherine McConnell, Founder and CEO of Brighte.
With energy prices soaring by over 40% and wages only increasing by 6%, solar is no longer a luxury but a necessity for Australians to combat this increasing household cost.
An Innovative Payment Platform for the Digital Age
Q CELLS FINANCETM is built on Brighte’s innovative and digital platform, a product that already has a great reputation among Australian consumers. Accredited vendors can access the Q CELLS FINANCETM module from their Brighte vendor app. The mobile app is paperless and fast, allowing vendors to offer a 0% interest payment solution to customers at the point of sale.
Q CELLS FINANCETM offers customer credit-decisioning in under 10 seconds. Within a completely digital experience, vendors can track the progress of their deals from quote and application through to payment. Additionally, Q CELLS FINANCETM vendors and Q.PARTNERS will have the opportunity to benefit from special promotions and incentives run throughout the year.
As described by Ms McConnell, Q CELLS FINANCETM is “Brighte on steroids”.
Powered by Brighte
Launched in 2015, Brighte is quickly building a strong reputation as the leading payment provider in the residential home energy space.
Over the last couple of years, Brighte has won numerous industry awards including winner of the Fintech Innovation in Lending (Annual Australian FinTech Awards 2018) and Brighte’s CEO and Founder, Katherine McConnell, has been recognised as winner of Outstanding FinTech Leader of the Year (Finnie Awards 2018), FinTech Leader of the Year (Annual Australian FinTech Awards 2018), FemTech Leader of the Year and FinTech Business Excellence Award (FinTech Business Awards 2018) – and these are just from 2018!
Brighte has approved over $100 million in finance from over 11,000 customers and now have over 600 accredited vendors around Australia. These milestones are impressive for a young company, one that has experienced significant growth in just three years. Brighte is well positioned to accelerate, with a high-profile investor base including Atlassian tech billionaires Mike Cannon-Brookes and Scott Farquhar as well as deep funding support from the National Australia Bank and the Bank of Queensland.
A Smart Finance Product for Solar
Brighte is an Australian consumer financing product that has been purpose built to provide payment solutions to households to finance their renewable energy and home improvement purchases. With Q CELLS FINANCETM powered by Brighte, consumers finally have a smart way to invest in the best performing solar they can.
“Q CELLS is proud to partner with Brighte because we both share the same mission of trying to make quality solar more affordable and accessible to everyday Australians,” says Patrick Duignan, Managing Director for Hanwha Q CELLS Australia Pty.