Lendus.

Ground Source Heat Pump Finance

Finance commercial ground source heat pumps from £25,000 to £250,000, including borehole or ground array works. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a ground source heat pump?

Yes, ground source heat pumps are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £25,000 to £250,000, and most deals are written over 12–84 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Typical Cost

£25k – £250k

Approval Speed

24–48 hours

Ground survey recommended before finance

Rates From

4.7% APR

What would a ground source heat pump cost per month?

£70,000
10%
60 months
9%
£0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical ground source heat pump price. Indicative only, not a quote.

Compare ground source heat pump finance rates from 200+ lenders

Check Eligibility

Finance options

Hire Purchase (HP)

Rate
From 5.1% APR
Term
12–84 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Businesses wanting to own the system outright

Finance Lease

Rate
From 4.7% APR
Term
12–84 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient, claim 100% of payments against profit

Operating Lease

Rate
From 5.5% APR
Term
24–60 months
Deposit
None required
Ownership
Return at end
Best for
Zero upfront cost for decarbonisation. Off balance sheet.

Representative example

On a purchase price of £70,000: a 10% deposit of £7,000, then 48 monthly payments of £1,477 at 5.9% APR representative (fixed). Total amount payable £77,896, including the deposit. The rate you are offered depends on your business and the asset.

What buyers actually specify

Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.

Machine or specification Guide price Type
Kensa Shoebox NX £12,000 – £18,000 Ground Source (Single Unit)
Viessmann Vitocal 300-G £18,000 – £30,000 Ground Source Heat Pump
NIBE F1345 Commercial £20,000 – £35,000 Ground Source (Commercial)
Kensa Commercial Cascade (Multi-Unit) £60,000 – £120,000 Multi-Unit Ground Source

Ready to compare ground source heat pump finance? 2 minutes, no credit check.

Check Eligibility

Tax benefits

Ground source heat pumps generally qualify as plant and machinery for capital allowances, so a business can typically set some or all of the cost, including the ground works, against taxable profits through the Annual Investment Allowance or other first-year reliefs, subject to your total qualifying spend for the year. Confirm current treatment and any available grant funding with your accountant or installer, since scheme terms change over time.

Market context

The typical buyer has either the land for a horizontal ground array or the site access for boreholes, most often a rural business, school, care home, or larger commercial site with grounds. Ground source systems generally run more efficiently than air source because ground temperature is more stable than outdoor air, but that efficiency advantage has to be weighed against a materially higher upfront cost, largely driven by the ground works: drilling boreholes or laying a horizontal loop is typically the single biggest cost variable in the project, and can differ substantially between sites depending on ground conditions and available land. Getting a site-specific ground survey and drilling quote before finalising a finance amount matters more here than for most other equipment types.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

Compare rates from 200+ lenders, takes 2 minutes.

Check Eligibility

Frequently asked questions

Why is ground source more expensive than air source?
The heat pump unit itself is often comparable in price, but ground source systems need either boreholes drilled into the ground or a horizontal loop buried across a large area of land, and that ground works element is usually the largest single cost in the project. The exact cost depends on ground conditions, drilling depth needed, and how much suitable land is available, which is why a site-specific survey is essential before you can get an accurate total project cost.
Do I need boreholes, or can I use a horizontal loop?
It depends on how much land you have available. A horizontal loop is generally cheaper but needs a large area of open ground, roughly proportional to the heat output required, buried below frost depth. Boreholes take up far less surface area but cost more per metre to drill. A geological and site survey will tell you which is feasible and cost-effective for your specific plot before you commit to a design.
Can the ground works be included in the finance agreement?
Yes, most lenders will fund drilling, ground loop installation and the heat pump unit together as a single facility, provided it's all itemised on the supplier's invoice. This is usually more straightforward than trying to fund the ground works separately from the equipment, and means one repayment schedule covers the full installed cost of the system. Because the ground works carry more site-specific risk than the heat pump unit itself, some lenders will ask for a fixed-price contract from the drilling or ground loop contractor before agreeing to fund that element alongside the equipment.
What deposit is needed for ground source heat pump finance?
For hire purchase, most lenders ask for 10–20% deposit. Finance leases and operating leases often require no deposit. Given the higher ticket value and the ground works risk involved, some lenders will want a fixed-price contract from the drilling contractor rather than an estimate before confirming terms. Newer businesses or those with a thinner credit file may be asked for a deposit toward the higher end of that range, while an established business with several years of accounts can sometimes negotiate it lower, so it's worth discussing your specific position with a broker before assuming a fixed figure.
How long does a ground source installation take before finance completes?
Ground works, particularly drilling, can take longer than the heat pump installation itself, and lead times vary with site access and ground conditions. Most finance applications are approved within a few days once a firm quote is available, but we'd recommend getting the ground survey and drilling quote finalised early, since the finance timeline usually follows the technical timeline rather than the other way round.

Related equipment finance

More energy & sustainability finance

See how lenders treat energy & sustainability assets

Guides and resources

Ready to finance your ground source heat pump?

Compare rates from 200+ lenders. No credit check.

Check Eligibility →
Check Eligibility, 2 min, no credit check