Affordable heat pump finance & payment plans

Spread the cost of a heat pump with flexible monthly repayments. Affordable finance options to make upgrading your heating cost effective from just £40.58⁽¹⁾ a month.

Enter your postcode to start your heat pump journey!

Why finance a heat pump?

Thinking about upgrading to an air source heat pump but worried about the upfront cost? Financing your heat pump is a smart way to start enjoying the benefits right away while spreading the cost with easy monthly payments.

Here are some great reasons to consider financing your heat pump:

Lower upfront cost: no need to pay a big lump sum upfront for the cost of an air source heat pump
Energy savings sooner: start saving on your energy bills immediately, while paying off the heat pump gradually. A heat pump can be over 300%⁽²⁾ more efficient than a standard gas boiler, with tailored air source heat pump tariffs, potentially saving you money on your heating bills
Flexible payment options: some financing plans offer low or even 0% interest, making payments easy to fit your budget
Environmentally friendly: make a positive impact by switching to electric heating, and lower your carbon footprint by around 13%⁽³⁾ a year.

Air source heat pump financing options with EDF

Representative examples below

10-year plan

Cash price: £11,499
Government grant (BUS): £7,500
Balance: £3,999
Deposit (15%): £599.85
Credit amount: £3,399.15
Interest: £1,469.88
Total amount payable (inc. deposit): £5,468.88
Number of repayments: 120
APR: 7.9%

Monthly payment: £40.58

5-year plan

Cash price: £11,499
Government grant (BUS): £7,500
Balance: £3,999
Deposit (15%): £599.85
Credit amount: £3,399.15
Interest: £699.95
Total amount payable (inc. deposit): £4,698.95
Number of repayments: 60
APR: 7.9%

Monthly payment: £68.32

2-year plan

Cash price: £11,499
Government grant (BUS): £7,500
Balance: £3,999
Deposit (15%): £599.85
Credit amount: £3,399.15
Interest: £0.00
Total amount payable (inc. deposit): £3,999
Number of repayments: 24
APR: 0%

Monthly payment: £141.63

Eligibility for heat pump finance

To apply for heat pump financing, you’ll need to:

Be a UK resident aged 18 or over
Under 85 at the end of the term of the loan
Be a UK homeowner
Have your own bank account to set up the payment plan
Have a source of regular income

If you meet these simple requirements, you’re ready to take the next step.

Get started

Steps to get financing

1. Get a heat pump quote

We'll design the quote based on your home’s needs, so you know exactly what you're getting.

2. Home assessment

One of our EDF Heat Pumps experts will visit your home to assess the space and make sure we recommend the best heat pump for your needs.

3. Apply for financing

Once you’re happy with the quote, you can apply for financing. EDF Heat Pumps will take care of the credit application for you. The application process is straightforward, and we offer a range of payment options. Credit is subject to status and affordability checks. Terms and conditions apply.

4. Installation

We’ll schedule the air source heat pump installation at a time that works best for you. Our professional team will handle everything, so you can sit back and relax.

Why choose EDF for heat pump financing?

When you choose EDF Heat Pumps, you're partnering with a name you can trust. With over 20 years of experience installing heat pumps, EDF Heat Pumps is recognised for delivering reliable and high quality service. Rated 'Excellent' on Trustpilot, we stand by our work and are here to help you every step of the way.

Installers you can trust

EDF Heat Pumps has been awarded the Which? Trusted Trader accreditation.

Being a Which? Trusted Trader means that EDF Heat Pumps have met high standards for quality, reliability and customer service. Choose EDF Heat Pumps and feel confident that you're choosing an installer that delivers on performance and value.

Start your heat pump journey

Heat pump finance FAQs

Are there any hidden fees?

There are no hidden fees; however, the finance is subject to eligibility, status, and affordability checks, and it's available to UK residents aged 18 or over. The deposit you’ll need to make is between 15% and 25%.

The prices you see include the Boiler Upgrade Scheme (BUS) grant, which is subject to eligibility and approval by Ofgem. And just to clarify, we don’t receive any commission or incentives from our finance provider, so you’re free to explore your own finance options if that works better for you. Read our air source heat pump guide to learn more.

What happens if I move home?

If you move home, any air source heat pump grants (such as the Boiler Upgrade Scheme) remain linked to the property. However, if you have taken out a personal loan to finance your heat pump, this loan remains your responsibility and cannot be transferred to the new homeowner. You would need to continue making the repayments or settle the outstanding balance if you decide to move.

Can I cancel the loan agreement before product is installed?

We want you to feel completely comfortable with your decision. If for any reason you decide to cancel the loan agreement, you can do so within 14 days or submitting your loan application. You can then decide on an alternative method of payment. Just let us know. EDF Heat Pumps is always here to help you through the process and make it as smooth as possible.

What happens when the plan ends?

Once your plan comes to an end, you’ll have fully paid off the cost of your heat pump, and you can enjoy the long term savings and comfort of your energy efficient system! At that point, you won’t have any further payments to make, and your heat pump will continue to keep your home warm and cosy.

Do you perform a credit check?

Yes, the lender will perform a credit check as part of the loan application process. Credit is subject to status and affordability checks. Terms and conditions apply.

How do I find out if I am eligible for the plan?

To apply for heat pump financing, you need to:

Be a UK resident aged 18 or over.
Under 85 at the end of the term of the loan
Be a UK homeowner
Have your own bank account to set up the payment plan
Have a source of regular income

If you meet the criteria above, you’re all set to move forward and explore our financing options. If you’re ready, we’re here to guide you through the next steps!

When do payments start?

Your payments will typically start the month after your heat pump is installed and up and running. Just remember, keeping up with repayments is important, as failure to do so can affect your credit rating. In the meantime, our promise to you: we only install heat pumps that we’re confident will keep your home warm. If it doesn’t perform as promised, we’ll give you your money back. T&Cs apply.

Is the payment plan regulated?

The payment plan is authorised and regulated by the Financial Conduct Authority (FCA), with FRN 727594. Shermin Finance Limited acts as a credit broker, not a lender, and they can introduce you to a panel of finance providers. The best part? They don’t charge any fees for their consumer credit services; it’s all about giving you options and making the process as easy as possible!

EDF Heat Pumps is an Appointed Representative of Shermin Finance Limited, FRN 996422 company number 09885603. Registered Office, Stephenson Road West, Clacton-On-Sea, Essex CO15 4TL. Shermin Finance Limited act as a credit broker and is not a lender. Credit is subject to status and affordability.

Notes

Purchasing a heat pump on finance allows you to spread payments over an extended period.
A hard credit check will be required as part of the application process, which will leave a mark on your credit file.
If you miss any repayments, this could make obtaining credit more difficult elsewhere.
Company Information:
EDF is a trading name used by EDF Energy Customers Ltd. Reg. No. 02228297. Registered office is Nova North, 11 Bressenden Place, London, SW1E 5BY, incorporated in England and Wales.
EDF Heat Pumps is a subsidiary of EDF and is the trading name used by CB Heating LTD. Registered number: 09885603. Registered address: Nova North, 11 Bressenden Place, London, England, SW1E 5BY.
Shermin Finance Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 727594). Registered number: 01276121. Registered address: Homeserve, Cable Drive, Walsall, England, WS2 7BN.
Creation Consumer Finance Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 311518). Registered number: NI32565. Registered address: Floors 4-6, Wellington Buildings, 2-4 Wellington Street, Belfast, BT1 6HT.
Important Information:
EDF Heat Pumps is an appointed representative of Shermin Finance Limited, who are the credit broker. The lender is Creation Consumer Finance Limited.
All finance offers should be discussed with EDF Heat Pumps directly and are subject to status and affordability checks.
Applicants must be aged 18 or over on the date of application. UK residents only. Terms and conditions apply.
This is dependent on what system you’re replacing. To check the efficiency of your system, visit Product directory - MCS (mcscertified.com).
Air source heat pump carbon savings
6 tonnes x 2.36 residents = 14.16 tonnes per household
1.9 tonnes / 14.16 tonnes = 0.134
= 13.4% reduction in CO2 emissions
- The 1.9-tonne reduction in carbon footprint is based on switching from an A-rated gas boiler to a standard air source heat pump in an average, three-bedroom semi-detached home in England, Scotland, or Wales, with radiator upgrades. Source: Energy Saving Trust
- According to ONS reports, average CO2 emissions are 6 tonnes per head, and the average household size is 2.36 residents. Therefore, an average household has a carbon footprint of 14.16 tonnes per year.
- This equates to a 13.4% reduction in CO2 emissions if you upgrade your old gas boiler with an air source heat pump.
- According to the BA carbon calculator, a British Airways return flight in economy class from London Heathrow Airport to Perth International Airport (Australia) emits around 1.826 tonnes of CO2 over 29,016km.