In our business, our goal is to help people improve their quality of life by providing renewable energy systems that enhance personal comfort, cost dramatically less to operate, and reduce dependence on finite supplies of fossil fuels. We have had a lot of success in connecting with forward thinking customers for our geothermal design, construction and installation work, and business has been good. But for renewable energy systems like geothermal and solar to reach their true market potential, recent technical innovations must be equally matched by financial innovations.
Recently, new financial products such as leasing, PPAs, and loans allow many more homes, businesses, schools, churches, senior homes and other facilities overcome the upfront cost hurdle, and often eliminate owner concerns over actual system performance and upkeep. In fact, the solar PV market has already embraced these concepts, supercharging solar market penetration across the U.S. Now, geothermal heat pump technology is lining up to catch the next wave.
Geothermal and solar systems are, by their nature, real, productive assets with immediate financial benefits that tend to grow in value as the years go by. Renewable energy equipment leasing is often a smart way for property owners to install on-site clean energy right away, without a large cash outlay, and without carrying large liabilities on the balance sheet. Leasing also allows energy cost savings to begin accruing to the property owner immediately, instead of have to potentially wait through a 3 – 7 year payback period.
Electric utilities, government and consumer interests are aligning to create a strong market for renewable energy and efficiency solutions at every scale, and we are excited to roll out new ways to make the ultimate in indoor comfort and low utility bills affordable for everyone. As interest in renewable energy and impact investments grows, Steady State continues to develop new opportunities for investors to earn steady, long-term cash flows, valuable Federal tax credits and experience positive impact.
The business of sourcing, generating, transporting, consuming, storing and conserving electricity and thermal energy is experiencing unprecedented change. Who knows what changes lie ahead, when they will happen, and who will be in the middle of it? It may be anyone’s guess at this point, but there most certainly is opportunity out there.
What are your thoughts on the future of distributed renewables, conventional fuels, storage and the grid?