Geothermal Drill Rig Financing

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Using the natural earth to heat and cool homes and other buildings has become popular. A geothermal heat pump moves heat between a building and the ground instead of burning fuel to make heat. To accomplish this, a hole must be dug hundreds of feet into the ground, allowing for piping to reach deep into the earth, where the temperature is stable. Thus, a geothermal drill rig is used. These specialty machines bore deep, but they also can affect company's cash flow, making new or used geothermal drill rig financing necessary.

Crest Capital finances new and used geothermal drill rigs for established businesses. Financing covers $10,000 to $500,000, and rigs bought from a dealer or from another drilling company can qualify. No financial statements are needed for financing up to $250,000, and your rate is fixed for the term, so your monthly payment is predictable. Crest Capital has provided equipment financing since 1989.

Vertical Loop Drilling

Most commercial geothermal systems use a field of vertical boreholes beside the building. Each hole receives a loop of pipe and is grouted from the bottom up.

Rotary and Sonic Rigs

Geothermal drillers use air rotary rigs with down-the-hole hammers in rock, mud rotary rigs in sand and clay, and sonic rigs that advance casing through mixed ground.

Grouting and Loop Installation

After drilling, the crew sets the loop, pumps grout into the borehole and joins the loops in a header trench, using grout mixers and pumps and loop reels.

New and Used Geothermal Drill Rigs

Before buying a used rig, check the mast, the rotary head and pulldown, the compressor or mud pump, the tracks or truck chassis, and the hours and service records.