en.Wedoany.com Reported - Plico, a virtual power plant pioneer in Western Australia, has announced a new financing solution called Plico Finance, designed to help households install solar panels and battery storage systems through low weekly payments over 10 years, eliminating upfront cost barriers.
The solution is backed by up to AUD 35 million in funding from the Clean Energy Finance Corporation (CEFC)'s Household Energy Upgrades Fund (HEUF), which was announced in late 2025. Plico Finance is available to households with property values under AUD 2.5 million and can be used to fund a combination of solar panels, inverters, and battery systems, with all eligible systems required to include a battery. Eligible customers can receive same-day approval with no establishment fees and can stack it with other financing options, such as Western Australia's Battery Rebate No-Interest Loan.
Founded by Starling Energy Group and backed by Swiss sustainable investor SUSI Partners, Plico started in 2017 as the Dunsborough Community Energy Project (DCEP). After expansion and rebranding, it has grown into a network of thousands of home solar and battery systems. As one of the official VPP providers linked to the Western Australian government's Battery Rebate program, the company has further expanded its business. The launch of Plico Finance this week solidifies its position as one of the few clean energy suppliers offering a "complete one-stop partner solution," covering system design, installation, financing, ongoing support, and VPP access.
Plico CEO Robbie Campbell said more households are recognizing the value of adding batteries to their homes, but upfront costs still feel out of reach. Plico Finance aims to remove this barrier, allowing households in New South Wales and Western Australia to access solar and battery technology in a way that fits their weekly budget. By spreading costs into weekly installments, customers can start reducing their electricity bills from day one and use the savings to gradually offset system costs. Bringing more households into the virtual power plant creates a smarter, more flexible energy system that benefits both users and the grid.
The launch of Plico Finance also marks the first time customers in New South Wales can access Plico's low weekly installment financing option, extending the model that has driven the company's growth in Western Australia. Campbell said Plico has proven in Western Australia that households are ready for a simpler way to access solar, batteries, and VPP rewards. Introducing Plico Finance to New South Wales means more Australians can now participate in this model. Every battery connected to the virtual power plant helps households get more value from their systems while supporting a more flexible and resilient grid.
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