Fornax offers a heat pump subscription service, providing homeowners with new energy-efficient heating systems and spreading the cost into manageable monthly payments. Their plans include comprehensive system servicing and repair for the duration of the agreement, eliminating unexpected maintenance expenses.
Funding
Funding not disclosed
Founders
Product
Problem
Upgrading to energy-efficient heat pump systems can be a significant upfront investment for homeowners, creating a barrier to adopting cleaner heating solutions. Traditional financing options may not cover the full cost of equipment, labor, and necessary plumbing or electrical work, leading to unexpected expenses and making it difficult for homeowners to budget effectively.
Solution
Fornax provides a heat pump subscription service that allows homeowners to upgrade to new, energy-efficient heating systems with zero upfront costs. The Heat Pump Plan spreads the cost of the upgrade, including equipment, labor, and any necessary plumbing or electrical work, into manageable monthly payments. Every plan includes comprehensive annual servicing and unlimited breakdown cover for the entire heating system, eliminating unexpected maintenance expenses. Fornax also handles surveys, system design and installation, and takes care of grant administration and planning permission on behalf of the homeowner.
Target Audience
Fornax primarily targets homeowners in England and Wales looking to upgrade to energy-efficient heat pump systems without incurring significant upfront costs and who desire hassle-free maintenance and servicing.
Features
- Heat Pump Plan: Monthly subscription covering the cost of the heat pump system, installation, and maintenance.
- Zero upfront cost: Eliminates the initial financial burden of upgrading to a heat pump.
- Comprehensive servicing: Includes annual servicing and unlimited breakdown cover for the duration of the agreement.
- Grant support: Fornax applies for the Boiler Upgrade Scheme (BUS) grant and deducts £7,500 from the quote.
- Flexible options: Homeowners can start fresh with Fornax or convert an existing quote from their preferred installer.
- Transferable agreement: The agreement can be transferred to the new buyer if the homeowner moves.
- Expert consultation: Specialist consultation to learn about the property and answer questions about heat pumps and the upgrade process.