#United States #Arlington, Virginia #Dandelion Energy #Geothermal Lease #Home Heating

Dandelion Energy Launches Geothermal Lease Program

Dandelion Energy has made headlines with its groundbreaking announcement regarding a new residential geothermal lease program. As the leading provider of geothermal heating and cooling solutions in the United States, the company is set to transform how homeowners and builders approach heating and cooling in their residences.

With the increasing costs of energy and stringent building codes, Dandelion's innovative leasing model aims to eliminate one of the most significant barriers to geothermal adoption—upfront costs. This initiative promises to enhance the affordability of geothermal technology, making it a viable option for many more Americans.

A Game Changer for Homeowners and Builders

Dandelion Energy's new leasing program allows builders to integrate geothermal systems into new communities at a substantially lower initial investment than traditional HVAC systems. As energy prices continue to rise, this financial model offers an attractive alternative, allowing builders to deliver high-performance homes that stand out in today’s competitive housing market. For new homebuyers, this means access to geothermal systems for as little as $10 to $40 per month, typically matching or being less than their monthly energy savings. The benefits are clear: with Dandelion's geothermal solutions, families can enjoy efficient, clean, and affordable cooling and heating.

CEO Dan Yates emphasized the company’s commitment to making geothermal technology widely available, stating, “Our new leasing program removes the upfront cost barrier that has slowed adoption and brings us closer to making geothermal the default choice for American homes.”

This initiative is powered by extensive financial incentives, including a 30-50% federal Commercial Investment Tax Credit (ITC) for geothermal heat pumps, which has been secured through legislation that maintains these benefits until 2034. This combination of federal, state, local, and utility incentives positions geothermal as the most cost-effective solution for heating and cooling in new home builds.

Partnership with Upstream Lease

Dandelion is launching this leasing program in conjunction with Upstream Lease by CSG, a recognized leader in renewable energy financial products. CEO Rory Gopaul expressed enthusiasm about the partnership, noting, “We’re excited to partner with Dandelion to make geothermal affordable from day one.” This collaboration brings together expertise in financing and innovative technology to expedite the savings for builders and homeowners alike.

Currently, the leasing program is being rolled out to homebuilders in 16 states that offer robust geothermal incentives, including Maryland and New Jersey. Additionally, retrofit customers in New York and Connecticut will have the opportunity to lease geothermal systems, typically for monthly payments similar to those previously available under consumer tax credits.

Efficiency and Sustainability of Geothermal Systems

Geothermal systems are unparalleled in efficiency when it comes to heating and cooling residential spaces. On average, they reduce energy bills by over 50% compared to traditional systems. This technology leverages the earth's consistent underground temperature using a vertical ground loop and ground-source heat pump, ensuring comfort throughout the year, regardless of weather conditions. Particularly in colder climates, these systems consume about 60% less electricity during peak cold days, making them both an environmentally friendly and economically sensible choice for homeowners.

As concerns regarding climate change and energy sustainability grow, geothermal energy presents a low-impact solution that aligns with the needs of modern society.

For more information on Dandelion Energy's revolutionary leasing program and how it can benefit homeowners, you can visit their website at Dandelion Energy.

About Dandelion Energy

Founded in 2017, Dandelion Energy is on a mission to make geothermal energy accessible and affordable to all homeowners. They have installed thousands of residential geothermal heat pumps across the U.S. and collaborated with the nation's top homebuilders to bring the advantages of geothermal to market. For additional information, check their official site at Dandelion Energy.