How to Apply for a Warm Homes Loan

Applying, step by step

1. 1

   Choose the right upgrade

   Think about which upgrade would work best for your home — solar panels, a battery, a heat pump or another renewable system.

2. 2

   Check for grants

   See whether you could also get a grant, particularly if you are on a lower income. Heat pump grants can be used alongside the loan.

3. 3

   Get a quote from an MCS-certified installer

   Compare installation quotes. Some lenders only work with particular installers; others let you choose any MCS-certified installer.

4. 4

   Compare the loan

   Look at the total amount repayable, how long you will be repaying for and any monthly fees — not just the monthly payment.

5. 5

   Apply

   Submit your application to a participating lender or installer. The lender carries out its normal affordability, credit and eligibility checks.

6. 6

   Keep your records

   If your application is successful, keep your quote, finance agreement, invoice, proof of purchase and MCS certificate.

7. 7

   Make the most of your upgrade

   Check whether a smart energy tariff could help you get the most from your new system.

What to keep once your loan is agreed

• your installation quote
• the finance agreement
• the invoice and proof of purchase
• your MCS certificate

These show what was installed, by whom, and on what terms — useful if you ever need to raise a problem with the installation or the loan.