NEW FINANCE PLAN FOR GEOTHERMAL

Geothermal Community Could Be a Game Changer

August 27, 2015 (RenewablesBiz)

“…[T]hermal service providers…[may be like solar leasing and] sell thousands of new homeowners on geothermal heating and cooling…[The key] is taking the highest cost of geothermal loop off the table: excavating and drilling to install the ground loop…In Orca Energy’s plan,] Orca owns (and maintains) the ground loop, while the other equipment, heat pumps and so on, are amortized over the 20-year home mortgage…[There] is little impact on their monthly mortgage, but ongoing savings on energy use for the life of the home…Orca meters the thermal BTU of the ground loop and charges [the homeowner] a rate that's lower than the local electrical rate, [creating as much as 30 percent lower heating or cooling bills…” click here for more

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