Financing
Making Projects Affordable
Middleton Geothermal Services, and sister company, Wellfin, can work with owners to finance a project so that the cost of the wellfield is paid for over time with operating cost savings. This eliminates the "up-front" capital cost of the wellfield.
Wellfin projects can be structured to match the wellfield cost with pre calculated annual operating savings over a payment period. The owner ends up paying nothing up front for the wellfield, and will own the field outright after the payment period, at which point the operating cost savings are just money in the owner's pocket!
Northside Lofts, an upscale high rise condominium project in Akron, Ohio is making use of this option. After a seven year payment period, the condo association will own the wellfield. With an expected life of over 50 years for the wellfield, the project will recoup the cost of the wellfield many times over.