EV charger finance
Funding for workplace and fleet AC charging, covering the charge points themselves plus the civils, cabling and management software that make them work.
Whole-of-market — 60+ lenders searched, including
Can you finance an EV charger?
Yes. Workplace EV charging is financed regularly, though the charge point is usually the smaller part of the bill. Most of the cost sits in trenching, cabling, distribution board work and sometimes a supply upgrade, and that installed infrastructure becomes a fixture of the site. Funders therefore look at the trading business, at whether you own the premises, and at the lease term if you do not. A landlord waiver is common. Bollard and wall-mounted units themselves are removable, which helps, but nobody recovers the groundwork.
Used kit: Rarely. Second-hand AC charge points have little resale market, and reused units without current firmware support are generally not fundable on their own.
Get a quoteor call 07581 364281
What would an EV charger cost per month?
Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
How lenders treat it
Charge point projects are mostly civils dressed up as equipment. The units are identifiable and removable, but the trenching, ducting, substation work and containment that make up the bulk of the invoice cannot be recovered in any meaningful sense — they are part of the land. Funders respond by underwriting the business rather than the asset, and by caring a great deal about tenure. Owner-occupiers get the smoothest run. Tenants need a decent unexpired lease term and, in almost every case, a landlord waiver agreeing that the equipment does not pass to the property. Where charging is paid for by staff, visitors or the public, some funders will look at that revenue as supporting evidence. Back-office software subscriptions are often handled separately.
Makes and models we fund
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Myenergi Zappi v2.1 | Solar matched workplace charger |
| Myenergi Hub and load control | Load managed charging controller |
| Rolec Zura commercial charger | Twin socket commercial charge post |
| Rolec WallPod EV charger | Wall mounted workplace charger |
| Pod Point Solo 3 | Smart workplace AC charger |
| Pod Point commercial charging array | Managed car park charging estate |
| Alfen Eve Double Pro-line | Twin socket load balanced charger |
| Alfen Eve Single S-line | Single socket AC charge point |
| ABB Terra AC wallbox | Networked AC charging unit |
| EO Charging EO Mini Pro 3 | Compact British built charger |
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Who buys one
Employers rolling out salary-sacrifice car schemes, van fleets moving to electric on a depot-charging model, offices under pressure from tenants or staff, care providers with pool cars, and hotels adding guest charging. The trigger is usually the arrival of the first electric vehicles on a lease renewal cycle, followed by the discovery that domestic three-pin charging is not a workable fleet strategy.
Get a quoteor call 07581 364281
How it is treated for tax
Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
EV charger finance questions
Can the installation work be included in the finance?
Usually yes, and it needs to be, because the cabling and groundworks often cost more than the chargers. Funders will fund the installed system as a whole, but they understand they are lending against a business rather than against recoverable kit, so the trading position carries the decision.
What if I lease my office car park?
Tell us early. Funders will want a reasonable unexpired term and will normally ask your landlord for a waiver confirming the chargers remain the funder’s property and do not become part of the building. Landlords with their own charging plans sometimes refuse, which is better to discover before an application is submitted.
Can I finance the charging management software too?
Sometimes. Some funders will roll a fixed-term software or network licence into the agreement where it is on the same installer invoice; others insist ongoing subscriptions are paid separately because they are a service rather than an asset. It depends on who ends up funding the case.
Do I need a supply upgrade before installing chargers?
Often, and it is worth getting the distribution network operator’s answer before you commit. Where an upgrade is needed, load management or a battery can sometimes avoid it. Funders do not mind funding an upgrade as part of the project, but they do want to know it is deliverable.
Are chargers for staff treated differently from public ones?
From a funding perspective the hardware is the same, but public charging introduces revenue, and some funders will look at that income when assessing affordability. Purely internal workplace charging is assessed on the strength of the business alone, since it produces a cost reduction rather than a receipt.
Get a quoteor call 07581 364281
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Not an offer of finance. All finance is subject to status, affordability and lender approval.
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Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
Prefer to talk? Call 07581 364281 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.