The geothermal heating and cooling company Dandelion Energy announced a partnership with the homebuilder Lennar Corporation (NYSE: LEN, LEN. B) for the installation of Dandelion’s systems in more than 1,500 new Lennar homes to be built in Colorado over the next two years.
According to the companies, this endeavor will take advantage of Colorado’s state tax credit for geothermal heat pumps and the geothermal and all-electric new construction programs offered by the utility Xcel Energy. As a result of these incentives, the companies added, the up-front cost of installing geothermal heat pumps will be significantly reduced, thus enabling wider adoption across Colorado.
“This partnership with Lennar sets a new benchmark for affordable, energy efficient, and high-quality home heating and cooling,” said Daniel Yates, CEO at Dandelion Energy. “We’re excited to bring our geothermal technology into a high-production environment and accelerate our efforts to deliver the unparalleled comfort, performance, and cost savings of geothermal heat pumps to Colorado homeowners.”
“Our collaboration with Dandelion Energy brings innovative geothermal technology into our homes – offering Colorado homeowners a cleaner, more efficient way to heat and cool their homes, while reducing long-term costs and future-proofing their investment,” added Stuart Miller, executive chairman and co-CEO of Lennar. “It supports our broader commitment to making high-quality, attainable housing more accessible.”
