Yessenia Funes writes in Bloomberg about an innovative financing model that is helping people install heat pumps.
- Heat pumps and other innovative clean technologies come with steep upfront costs which hinders their deployment.
- A group called Kicking Gas is helping residents of Washington’s Whidbey Island install more heat pumps.
- Kicking Gas covers as much of 50% of the installation costs of a heat pump and offers low interest microloans to consumers to cover the rest of the cost.
- Since October 2022 the group has helped to install over 100 heat pumps on the island and plans to expand its operations to cover electric stove installations.
Read the full article here.