A new finance offer backed by the federal government’s green bank hopes to remove the “barrier of large upfront costs” that still blocks access to solar and battery storage for many households, by allowing them to pay off their systems in low weekly instalments over 10 years.
Plico, a Western Australia-based virtual power plant (VPP) pioneer founded by Starling Energy Group and funded by Swiss sustainable investor SUSI Partners, announced the launch of Plico Finance this week, eligible to households in its home state, as well as in New South Wales.
The finance offer is available to households with a home valued at less than $2.5 million and can be used to fund a mix of solar panels, inverters and battery systems – but all eligible systems must include a battery.
Eligible customers will be able to access same-day approval and no establishment fee, and the offer can also be combined with other finance options, such as Western Australia’s Battery Rebate No-Interest Loan.
The finance option is backed by up to $35 million from the Clean Energy Finance Corporation’s (CEFC) Household Energy Upgrades Fund (HEUF), which was announced late 2025.
