Australian households now have even more options to access discounted finance to improve the energy efficiency of their homes.
We are committing $35 million through the Clean Energy Finance Corporation (CEFC) to Starling Energy Group. Starling operates via its retail brand Plico.
Eligible customers will be able to install:
- rooftop solar
- batteries
- virtual power plant (VPP) services.
VPPs connect these energy upgrades across households using software and communications technology.
Starling Energy Group estimates that customers accessing their solar, battery and VPP offerings could save more than $1,100 on their energy bills each year. CEFC backing is providing additional annual savings of between $130 and $240 over 10 years.
This is the seventh investment through the CEFC under the Australian Government's $1 billion Household Energy Upgrades Fund (HEUF). It follows deals with lenders:
- Plenti
- Westpac
- ING Australia
- Bank Australia
- Commonwealth Bank of Australia
- Brighte.
This takes the total government commitment under the HEUF to more than $420 million.
Discounted consumer finance is now available through Plico.
