The closure of the OZEV Electric Vehicle Homecharge Scheme in 2022 left many homeowners wondering how they could afford to install an EV charger. However, 2026 has brought new funding avenues that can significantly reduce or even eliminate the upfront cost of home charging installation for Derbyshire and Nottinghamshire residents.
Salary sacrifice schemes have become one of the most popular ways to fund EV charger installations. Many employers now offer electric vehicle salary sacrifice packages that include a home charger as part of the deal. The cost is deducted from your gross salary before tax, resulting in savings of 20-40% depending on your tax bracket. Companies including NHS trusts across Derbyshire and Nottinghamshire, Rolls-Royce in Derby, and various local authorities now offer these schemes.
Green mortgages are another increasingly popular option. Several lenders now offer preferential mortgage rates or cashback incentives for properties with sustainable features, including EV chargers. The government's Green Homes Grant may have ended, but private lenders have stepped in with products that reward energy-efficient homes. If you're remortgaging or buying a new property, it's worth asking your lender about green mortgage products.
Some local authorities in the East Midlands have introduced their own incentives. While Derbyshire County Council and Nottinghamshire County Council don't currently offer direct grants, certain district councils have included EV infrastructure in their climate action plans. It's worth checking with your specific council, as schemes can vary between districts and new programmes are launched regularly.
For landlords, the Minimum Energy Efficiency Standards (MEES) regulations are evolving, and properties with EV charging points are increasingly attractive to tenants. Installing a charger can increase rental yield and property value. Some letting agents and property management companies now partner with electricians to offer discounted installation rates for multiple properties.
At DM Electrical Installations, we stay up to date with all available funding options and can advise you on the most cost-effective route for your specific situation. Whether you're funding through an employer scheme, green mortgage, or paying outright, we ensure your installation meets all regulations and qualifies for any applicable incentives.
DM Electrical Installations provides expert electrical services across Derbyshire and Nottinghamshire.