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Low cost finance

Whether you are looking to switch from a gas or oil fired boiler to a highly efficient electric one, upgrade an existing electric boiler or invest in a highly efficient, economical heat pump, Jersey Electricity can help you spread the cost with our low cost Electric Heating Finance schemes.

We have teamed up with a local finance company to provide up to five years' Interest Free Credit for installations up to £6,000 and Low Interest Credit for installations over £6,000 up to a maximum of £25,000. Both loans are available to all domestic customers, subject to status. Terms and conditions apply.

Option 1 - Interest free credit

The Interest Free Credit scheme provides up to five years' Interest Free Credit up to a maximum loan of £6,000.

Option 2 - Low Interest Credit

Alternatively, you can borrow up to a maximum of £25,000 for up to five years on our Low Interest Credit scheme.

Interest Free and Low Interest Loans cannot be combined and both are for the sole purpose of installing a new electric heating system or replacing an existing gas or oil-fired system with electric.

How to apply

Whichever option you choose, you first need to obtain a written quotation for your boiler or heat pump installation.

Jersey Electricity offers a full plumbing and electrical installation package and provides free surveys and quotations. Call our Customer Care Team on 505460, 8am to 6pm, Monday to Friday, to arrange an appointment.

Once you have received your quotation and are happy with it, bring it to our Customer Care Centre at The Powerhouse (8am to 6pm, Monday to Friday) to sign your acceptance and complete your loan application. You will also need proof of identity, such as your passport or driving licence.

Once approved, our installation team will then contact you to arrange a time to begin work.You will need to return to our Customer Care Centre at The Powerhouse to sign the loan aggreement. Download a Jersey Electricity Installation leaflet.

If you prefer to use your own contractor, obtain a quotation, complete a loan application attached to the Contractor Installation leaflet below. Bring them both, along with proof of identity, such as a passport or driving licence,  to our Customer Care Team at The Powerhouse (8am to 6pm, Monday to Friday). They will calculate your monthly repayments and answer any questions you may have.

Once your loan has been approved, you can instruct your contractor to start work on your installation. You will need to return to our Customer Care Centre at The Powerhouse to sign the loan aggreement.

When your installation has been completed, please contact us on 505460 to arrange for a Customer Care Adviser to come and inspect your installation and make sure you understand how to use your new electric heating system.

When we have received your final invoice, which must match your loan amount, we will transfer the funds to your bank account for you to pay your contractor. This will normally be within 10 working days of your inspection visit. Download a Contractor Installation leaflet.

If you are a landlord with a rental proerty, you too can benefit from these low cost finance schemes. For more information, download a Rental Properties Heating Finance leaflet.

Please note: Jersey Electricity cannot accept any liability for any installations carried out by your own preferred contractors.