Can I Get a Heat Pump on Finance or Pay Monthly?

What finance is available for heat pumps in Scotland?

Interest-free credit up to £30,000 is available for heat pump installation, subject to status. This means you can spread the full cost of your installation into monthly payments without paying interest on the balance. The exact amount you can borrow depends on your individual circumstances, which are assessed as part of the application process.

Finance is discussed as part of your no-obligation quote. We provide a personalised brand comparison and an itemised installation cost, then talk through the monthly payment options that suit your budget. There is no obligation to proceed with finance, or with the installation at all, until you are ready.

How does pay monthly work?

Once your installation cost is confirmed after a heat-loss survey, you can choose to spread it into equal monthly payments over an agreed term. The monthly amount depends on the total cost, the term length and your individual circumstances. Because the credit is interest-free, the total amount you pay is the same as the installation cost — no interest is added.

Finance applies to the heat pump system and its installation: the outdoor unit, hot water cylinder, controls, pipework and labour. It does not cover solar PV panels or battery storage. If you are planning a combined project with solar or batteries, we discuss the options and costs clearly during your quote.

Does finance cover the full installation cost?

Interest-free credit up to £30,000 is available subject to status. Most standard Scottish home installations fall within the £8,000–£14,000 range, so the full cost can typically be financed. If your project includes extensive radiator upgrades or a particularly large system, the total may exceed the finance limit, in which case a deposit or part-payment arrangement would be discussed.

Zero-rated VAT applies to residential heat pump installations until 31 March 2027, which reduces the overall cost before finance is applied. This means the amount you finance is lower than it would be with standard 20% VAT.

Who is eligible for heat pump finance?

Finance is subject to status, which means eligibility is assessed based on your individual financial circumstances. The assessment is part of the standard finance application process. We recommend discussing your situation openly during your quote so we can advise on the best approach.

You do not need to own your home outright, but you do need permission from your landlord or freeholder if you are a tenant. For homeowners, the process is straightforward. Finance is available to Scottish residents across all the areas we cover, from the Borders to the Highlands.

What about other ways to pay?

If you prefer not to use finance, you can pay for the installation directly. Some homeowners use a combination of savings and finance — for example, paying a portion upfront and financing the remainder. We discuss all payment options during your quote so you can choose what works best for your circumstances.

The most important first step is to get a no-obligation quote with a heat-loss survey. This gives you a fixed, itemised cost for your specific property, which you can then decide how to finance. There is no pressure to proceed, and the quote is completely free.

Does finance affect the warranty or guarantee?

No. Your heat pump manufacturer warranty and the installer workmanship guarantee apply regardless of how you pay. Warranties range from 3 to 7 years depending on the brand, with options to extend. Our MCS-certified partners also provide insurance-backed guarantees that protect your installation even if the installer ceases trading.

Annual servicing (around £100–£150 per year) is required to keep the manufacturer warranty valid, just as it is with a boiler. Finance payments and warranty terms are separate — one does not affect the other.