^Get Asset Finance for Battery Storage Businesses Today

Hire Purchase (HP) is often suitable for SMEs buying battery storage systems and related equipment such as inverters, mounting or cabinetry, and monitoring or controls. Lenders typically look for asset-led information including the purchase price, quotes or invoices, and evidence of how the system will be used. Amounts commonly range from £25,000 to £2,000,000, with terms of 24 to 84 months. Decision times are often 3 to 10 working days for straightforward cases, and pricing is commonly expressed within an APR structure that may be roughly 6% to 15% for many SME deals.

An asset finance lease helps businesses fund battery storage systems without requiring a full ownership purchase upfront. Eligibility usually includes asset details such as specification, identification, and warranty information, plus an ability to meet rental payments. Leases are commonly used to roll out a standardised fleet of battery units, or to fund monitoring and control upgrades treated as qualifying assets. Typical amounts are often £20,000 to £1,500,000, with terms of 36 to 84 months. Decisions are commonly 5 to 15 working days, and pricing for SME asset finance may be roughly 6% to 14% APR equivalent depending on deposit and expected residual value.

Refinance is used when you already own, or are part-way through funding, battery storage assets and want to adjust your financing structure. Lenders typically require evidence of existing finance positions, asset documentation and valuation, and confirmation of current payment performance. For battery assets, they may consider remaining economic life, warranty status, and technical condition reports. Typical amounts are often £50,000 to £2,500,000, with terms of 24 to 96 months. Expect a wider range of pricing for refinancing, with a realistic market context roughly 6% to 16% APR equivalent depending on leverage and asset performance outlook. Decisions often take 2 to 4 weeks due to valuation and document collection.