Making heat pumps more affordable

Green energy product manufacturer Stiebel Eltron has launched a new leasing scheme to make its renewable energy heat pumps more affordable.

The scheme is designed to put the pumps within the reach of more customers including businesses, councils, hospitals, schools and churches and will enable customers, including public and private sector companies, to slash the capital outlay by staggering the cost of buying and installing the pumps rather than paying up front.

The heat pumps are at the forefront of the green energy revolution and work by extracting energy from the air or the ground to provide heating and hot water. Because of the energy saving, the pumps can pay for themselves within five to ten years.

Stiebel Eltron has teamed up with Sinclair Finance and Leasing to run the scheme. Mark McManus, Stiebel Eltron’s UK managing director said: “More and more public and private sector organisations are going green and installing renewable energy products and in this tough economic climate, we are keen to make our products even more affordable. We also hope this initiative will encourage more people to harness green technology.” 

Companies and organisations that install green energy heating pumps can receive public funding for up to 50% of the costs of installation through the Government’s Low Carbon Building Programme. They can also benefit from financial incentives including tax breaks and grants.

Pete Jones, sales manager at Sinclair Finance and Leasing, said: “We are delighted to be partnering with Stiebel Eltron on this initiative. We are looking forward to working closely with customers to come up with the most flexible package for them.”  

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