With over 7M households in the Northeast alone currently heating with fuel oil and propane, New York-based Dandelion Energy will expand its presence as it looks to complete more installs of its affordable underfloor heating system this season. That will come after having a new $16 million investment round in the geothermal-based house heating and cooling solution from Google Ventures and Comcast Ventures.
While geothermal solutions have been around for quite awhile, Dandelion’s system makes it cost effective for residential customers after taking advantage of tax credits. For customers looking to install a new heating and air conditioning system, financing a Dandelion Geothermal instead will on average offer savings of about $2250/year. The business hopes the system can finally help fight the approximately 11 percent of carbon emissions that are estimated to be caused by home heating and cooling options.
The article Homeowners are saving 50 percent on heating with Dandelion’s geothermal system appeared initially on Electrek.
Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com