Carrier, Orca Energy provide geo financing option

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Indianapolis — A new, national program from Carrier and Orca Energy, a leading geothermal utility provider, makes geothermal heating and cooling more accessible in new construction homes. Orca Energy will provide financing for geothermal earth loops in new residential developments with the purchase of a Carrier geothermal heating, ventilating and air-conditioning system. Carrier, the world’s leader in high-technology heating, air-conditioning and refrigeration solutions, is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp.

The agreement between Orca Energy and Carrier is part of Carrier’s renewed emphasis on geothermal heating and cooling solutions. It comes as Carrier launches a new product line that pairs the sustainability and cost-savings of geothermal heating and cooling with Carrier’s Infinity® Series controls. As part of the program, the loop is treated as a utility and a small monthly payment is charged to the homeowner, without additional upfront costs to the developer, builder or homeowner.

“Orca Energy is recognized for its geothermal expertise and its successful utility model that enables developers, home builders and homeowners to cost-effectively install the most energy-efficient option in heating and cooling,” said Matthew Pine, vice president, marketing, Carrier residential HVAC. “As experts in heating and cooling, creating this program is a natural fit. We are thrilled that this program will help homeowners enjoy the cost-savings and sustainability of our geothermal solutions.”

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