Plico Finance Offers Affordable Solar and Battery Solutions for Homes
A fresh finance initiative supported by the government’s green bank aims to eliminate the “barrier of large upfront costs” that continues to hinder many households from accessing solar energy and battery storage. This scheme allows homeowners to pay for their systems in manageable weekly instalments over a decade.
Plico, a pioneer in virtual power plants (VPPs) based in Western Australia and established by Starling Energy Group with backing from Swiss sustainable investor SUSI Partners, unveiled Plico Finance this week. This option is available to residents not only in Western Australia but also in New South Wales.
Details of the Financing Offer
The financing plan is accessible to families whose homes are valued at under $2.5 million, permitting the purchase of a combination of solar panels, inverters, and battery systems—though any eligible purchase must include a battery. Customers can enjoy the advantage of same-day approval and no set-up fees, and they can also merge this offer with other finance options like Western Australia’s Battery Rebate No-Interest Loan.
This financing approach is supported by up to $35 million from the Clean Energy Finance Corporation’s (CEFC) Household Energy Upgrades Fund (HEUF), launched in late 2025.
Plico’s Growth Journey
Plico commenced its operations in 2017 as the Dunsborough Community Energy Project (DCEP). After expanding and rebranding, it has developed into a network of thousands of households utilizing solar and battery systems—partly thanks to its partnership with the WA government’s state battery rebate as an official VPP provider.
With this week’s introduction of Plico Finance, the company reinforces its role as one of the few clean energy providers offering “a complete one-partner solution” encompassing system design, installation, financing, continuous support, and VPP access.
CEO’s Insight on the New Offer
“More households are recognising the benefits of integrating a battery into their homes, but the upfront cost often makes it seem unattainable,” stated Robbie Campbell, CEO of Plico, in a recent announcement.
“Plico Finance aims to eliminate that obstacle, enabling families in NSW and WA to invest in solar and battery technologies in a manner that suits their financial situation.”
Campbell further emphasised, “What makes this initiative incredibly impactful is that families won’t have to wait for years to enjoy the benefits. By spreading the costs over weekly payments, customers can start cutting their electricity bills from day one and use those savings to offset the system costs progressively.”
“This initiative extends beyond merely assisting individual households in reducing their expenses. By facilitating easier access to solar and batteries, we can incorporate more homes into Virtual Power Plants, thus fostering a smarter, more flexible energy system that benefits both consumers and the grid.”
Expansion to New South Wales
The launch of Plico Finance also signifies the first time that customers in New South Wales will have the opportunity to utilise this low weekly payment scheme, which has already proven successful in driving Plico’s growth in Western Australia.
“Plico has demonstrated in WA that families are eager for a streamlined method to engage with solar, batteries, and VPP rewards,” Campbell noted.
“Introducing Plico Finance to NSW will enable more Australians to partake in this innovative model.”
“Every battery linked to a Virtual Power Plant enhances the value for households, while simultaneously contributing to a more adaptable and resilient energy grid.”
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