Enertech Global is expanding zero-down geothermal financing through new partnerships with Palmetto and Figure, giving homeowners more ways to install geothermal heating, cooling, and hot water systems without an initial payment. The agreements address upfront installation costs through leasing and home equity financing options.
Palmetto's geothermal lease covers maintenance and repairs throughout a 10-year term, while Figure offers financing periods ranging from 10 to 30 years. Figure's application takes approximately five minutes, with no dealer fees or prepayment penalties. Both providers offer online portals that help HVAC contractors manage financing arrangements, while Enertech installers receive access to exclusive lower interest rates through Figure.
For Enertech, these partnerships create opportunities to expand residential geothermal adoption by reducing financial barriers. Contractors gain additional payment options to present to customers, potentially supporting more installations and strengthening demand for Enertech's heat pump systems.
Image Credit: Enertech Global
Why This Trend Is Growing
- Zero-down Climate Upgrades
- Financing models that remove upfront costs are making high-efficiency home systems more accessible and reshaping how homeowners evaluate major energy investments.
- Bundled Maintenance Leases
- Lease structures that include repairs and service support reduce ownership uncertainty while creating recurring revenue pathways for clean technology providers.
- Contractor Financing Portals
- Digital financing tools embedded into contractor workflows streamline project approvals and expand the sales potential for residential energy retrofits.
Industries Being Reshaped
- Residential HVAC
- Geothermal heat pump adoption is positioned to grow as contractors gain more flexible payment options for customers seeking lower-carbon heating and cooling.
- Home Improvement Finance
- Specialized lending and leasing products for energy upgrades create new competition in consumer finance by tying capital access to household efficiency improvements.
- Clean Energy Technology
- Partnerships between equipment manufacturers and fintech platforms help accelerate distributed clean energy deployment by reducing purchase friction for homeowners.
