Enertech Blog

Home comfort and efficiency are now available with no money down and a predictable monthly payment. Maintenance included! 

Every home needs a system for heating, cooling, and ventilation (HVAC) and while it isn’t the part of a home that most people think about first, we all want the same thing out of our HVAC systems: a comfortable peaceful living experience year-round, reliability, and lower utility bills.

Like shopping for a car, the cost of a new HVAC system for your home is a big part of the decision. Geothermal heat pumps are the most efficient and longest-lasting choice, which makes it the most affordable to operate and lowest in cost over the life of the system. However, the upfront installation cost of installing a ground loop with the system has been a barrier for some homeowners. Financing a geothermal installation with a loan has been a popular choice for good reason, but homeowners now have an exciting new opportunity with a Palmetto Geothermal Lease! 

As important as the upfront cost of an HVAC system is, there are 4 costs associated with an HVAC system and reducing any of them should be an important factor when choosing a system for your home: upfront cost, operational cost, maintenance cost, and lifetime ownership cost. How does a Palmetto lease affect those 4 costs? The upfront cost is the sum of the system purchase and installation. Operation cost is the price of running the system day-to-day. Maintenance cost is the price of air filters, check-ups, and mechanical replacements throughout the system’s life. Finally, lifetime ownership cost is the price of system replacement relative to the number of years the system has been in service.

With a Palmetto lease, the upfront cost is zero, eliminating the initial financial outlay allowing you to invest your cash in other ways. By choosing a geothermal system, you’ll unlock the lowest possible operating cost for heating, cooling, and hot water. System maintenance, filter replacement, and repair are covered throughout the entire lease, eliminating the maintenance cost. Finally, when the lease term ends, you have options to extend the lease or buy out the equipment. With an average life expectancy of 20-25 years and a replacement cost on par with any other HVAC system, a Palmetto Geothermal Lease performs very well in lifetime ownership cost.

Geothermal is a great option that shouldn’t be overlooked by any homeowner. Right now, a Palmetto Geothermal Lease is only available for retrofits in an existing home, but leasing for residential new construction is expected to be available soon. Palmetto only leases heat pumps made by a select list of approved high-quality manufacturers, like Enertech. Reach out to us to find an installer in your area that can offer a Palmetto leasing option.

Founded in 2010, Palmetto quickly became a leader in clean energy lending. Leveraging their experience and success in solar leasing, geothermal leasing has been added to the Palmetto Comfort Plan. They work with local partners for installation and maintenance work, so work at your home will be done by people from your own community. Palmetto designs their geothermal leases with a future-forward philosophy, focusing on system longevity and reliability.

In a nutshell, here’s what you get from a Palmetto Geothermal Lease:

• A comfortable, reliable, and highly efficient heating and cooling system
• No upfront financial investment 
• Lower lifetime ownership cost 
• 10-year terms 
• Maintenance and repairs included 
• Flexible payment and buyout options 
• Affordable 10-year buyout or extension options 
• Transfer or buyout options when selling your home 
• Available in all states except Minnesota

Ready to explore geothermal with no money down?