Home EV charger on finance explained
Last updated: Mar 18, 2026
Purchasing an electric vehicle (EV) and getting a smart home charger installed at the same time can be a lot of expense at once.
Depending on your individual affordability and circumstances, it's always worth researching your options to help reduce your monthly costs.
If the rate of interest you are paying for EV charger finance is more than 0%, it will mean paying more overall in the long run but that extra cost each month also comes with the added flexibility of spreading the size of payments into smaller and more manageable chunks.
There are a few additional points that can make finance a good option for customers.
It offers reassurance for those who aren't keen to pay upfront. Timing might also play a factor too.
It might be that you need to get a charger arranged, but that need might fall in a bad day or week in relation to the next payday.
There is a range of chargers available on Smart Home Charge and they cover some different price points.
You might want more of a premium charge point with certain features or looks, but it would be better to spread the cost.
Finance means home chargers like the Andersen A3, which is a more premium-priced EV charger, becomes more accessible.
The finance options are integrated into Smart Home Charge's quotation system. So when you come to choose the charger, you can choose finance and funding options that suit you when completing your quote.
What finance options are available?
Smart Home Charge has partnered with Novuna Finance to offer a range of flexible finance and 'buy now pay later' options with the ability to spread the cost from three to 48 months.
Novuna Finance
Novuna Finance offers flexible funding from three months to 48, with an EV charger installation priced from £12.25 at a representative APR of 14.9%.
This will mean applying for finance directly with the lender and a credit check being performed.
Just like funding a car through finance, the monthly payment will be calculated based on a few things like your credit score and how much deposit you want to put in.
| *Representative Example Based on waEV-Charge EV1 (Novuna Finance 48 months (14.9% APR) | |
|---|---|
| Charger + Installation Cost | £897.00 |
| Deposit Amount 50% | £448.50 |
| Monthly Payments | £12.25 |
| Amount of Credit | £448.50 |
| Amount of Interest (12.9% APR) | £139.46 |
| Total Amount Repayable | £1036.46 |
Which Home EV chargers offer the best value for money on finance?
Here are a few highlights from the range of EV chargers we can provide and install:
Our cheapest charger to finance: Vchrgd Seven
The Vchrgd Seven is our most affordable tethered home EV charger.
It includes a 5-metre cable as standard and also features a smart charger lock, scheduling and energy tariff integration.
Charger that will save you money on charging costs: Ohme ePod
The Ohme ePod brings all the smart features found on the Ohme Home Pro but with the benefits of a untethered universal charger.
This EV charger can also connect to your electricity tariff to help you charge at the cheapest times and keep charging costs down.
This includes tariffs like Intelligent Octopus Go, that can offer rates as low as 7.5p/kWh for six hours for your whole home between 11:30pm and 5:30am.
Best electric car charger with solar built-in: Hypervolt Home 3
The Hypervolt EV charger has a cool and slick design, including built-in cable tidy.
The Hypervolt Home 3.0 has an array of features such as energy tariff synchronisation and is compatible with all solar installations meaning that you can charge your car with free renewable energy directly from the sun.
That means the investment in a solar EV charger or the finance you take out to help fund installation can be offset over time with the cost savings available from installing solar.
Read more about investing in solar with our guide here.
Can I finance an EV charger without installation?
Yes. See our options at checkout.
Can I take out home EV charger finance if I have bad credit?
It really will depend on your credit score. Novuna requires a credit and affordability check so it's not guaranteed there will be an approval.
There are "buy now pay later" finance options, which can be good for people who have a good grip on their budgeting and know how much money they have to spend on a monthly basis.
Missing a repayment will incur late payment fees and defaulting altogether will see the loan case handed over to a debt collection agency.
That's why it's really important to make sure you can still afford the monthly repayments before proceeding with any form of funding.
Are there other ways of buying my home EV charger apart from paying for it outright or on finance?
Pictured: Simpson and Partners Home 7
Smart Home Charge has partnered with The Electric Car Scheme so you can fund your new EV, charger and installation all through the same monthly salary sacrifice.
Schemes like salary sacrifice allow employees at a company to proportion some of their monthly wages against the cost of a benefit, like an EV.
This lowers an employee's monthly take-home pay, meaning they also pay less in income tax and National Insurance each month.
Smart Home Charge's partnership with The Electric Car Scheme means you can bundle the electric vehicle, the charger and the installation all together and this is the fee that will be taken out of your take-home pay each month.
