KETTERING, Ohio--(BUSINESS WIRE)--ClimateMaster, Inc., a leading manufacturer of water-source and geothermal heating and cooling systems, today endorsed the GEOSmart Loan program offered through a partnership between GE Money & the Electric & Gas Industries Association (EGIA) at the Energy Efficiency Global Forum in Washington, D.C. The GEOSmart Loan program, sponsored by EGIA and funded by GE Money’s Sales Finance unit, provides both installment and revolving financing options and is available through EGIA-approved contractors to assist consumers looking to purchase a ClimateMaster geothermal heating, cooling and water heating system for their home. “The level of long-term financing provided through the GEOSmart Loan program is something that has long been needed in the geothermal heat pump (GHP) market,” said Daniel Ellis, president of ClimateMaster. “GEOSmart financing makes these systems more affordable for consumers retrofitting existing homes.” “GHP technology harnesses energy stored near the surface of the earth to provide heating and cooling,” says John Bailey, senior vice president of sales for ClimateMaster. “This stable underground temperature reservoir is maintained by solar energy and is a clean and renewable resource available in all 50 states. GHPs tap into this reserve to reach 400 to 600 percent energy efficiency, in terms of energy delivered versus energy drawn from the grid to operate the system.” According to the Environmental Protection Agency, geothermal heat pumps are the most energy-efficient, environmentally clean and cost-effective space-conditioning system for most locations in the U.S.
