"Amazingly, the same Congressional bill that gutted residential clean energy tax credits also led to a major breakthrough in financing home geothermal systems. Dan Yates, CEO of Dandelion Energy, explains how the Big, Beautiful Bill introduced changes that, for the first time, allow third-party leasing of residential geothermal systems. He shares why this policy change could help ground-source heat pumps grow the way leasing helped rooftop solar."
"Geothermal heating and cooling is four times more efficient than a furnace and twice as efficient as air-source heat pumps. Yet only about 1% of U.S. homes use it because the upfront costs for new geothermal systems have ranged from $20,000 to $31,000. The new leasing model means new homeowners can get geothermal systems for just $10 to $40 per month on a 20-year lease, which is usually far less than what they save on energy."
"Dandelion is working with Lennar, one of the largest homebuilders in the country, to bring geothermal to more than 1,500 homes in Colorado over the next two years. This will be one of the biggest residential geothermal projects in U.S. history. The benefits for the power grid could be even more important than the savings for homeowners. Geothermal systems use only 25% of the peak power that air-source heat pumps need, which is a big advantage as AI data centers increase electricity demand."
A Congressional change now allows third-party leasing of residential geothermal systems, enabling much lower monthly payments and reducing upfront barriers. Ground-source heat pumps deliver four times the efficiency of furnaces and twice that of air-source heat pumps, yet about 1% of U.S. homes use them due to $20,000–$31,000 installation costs. The leasing model offers 20-year payments of roughly $10–$40 per month. Dandelion Energy is partnering with Lennar to install geothermal in over 1,500 Colorado homes, creating one of the largest U.S. residential projects. Geothermal uses only 25% of air-source peak power and can reduce grid peak loads as electricity demand grows.
Read at Earth911
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