Costs & grants

How to finance a heat pump

Government backed loans, green mortgages and paying in stages.

Short answer

The government backed Home Energy Upgrade Loan lets you borrow €5,000 to €75,000 unsecured over up to 10 years, with rates from 2.99%. Your project must be supported by an SEAI grant and improve your BER. Some lenders also offer lower green mortgage rates once your BER improves.

Home Energy Upgrade Loan

€5,000 to €75,000, unsecured, up to 10 years
Rates from 2.99%, depending on lender and loan size
Must be supported by an SEAI grant and improve your BER by at least 20%
Offered by PTSB, AIB, Bank of Ireland, Avant Money (with An Post Money) and several credit unions

Other options

Green mortgage rates and top ups once your BER improves
Credit union home improvement loans
Staged payments agreed with your installer, never pay most of the cost upfront

Is this right for you?

Your project will be grant supported

You've compared rates from at least two lenders

Your installer's payment stages are in writing

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Related guides

Costs & grants

The SEAI heat pump grant, explained

Four grants that stack, who qualifies, and the order you must do things in so you don't lose them.

Costs & grants

Heat pump price guide by home type

Apartment, terraced, semi detached and detached: typical installed prices before and after grants.

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