Steady State Breaks New Ground in Geothermal Heat Pump Financing
Company is the first to crowdfund project financing options
TULSA, Oklahoma — Steady State Renewable Energy Co. designs and installs geothermal heat pump systems in Oklahoma and north Texas. With the launch of Steady State Asset Partners, the company is the first to crowdfund project financing options that offer investors the opportunity to provide upfront capital for new geothermal projects, in exchange for annual returns paid from the long-term energy cost savings.
According to Steady State, geothermal heating and cooling systems make up only 1 to 2 percent of the overall HVAC market in the United States. Although many potential customers understand that they can enjoy significantly lower long-term utility bills by installing a modern geothermal system, the greater upfront cost is the most commonly cited reason for not installing geothermal.