- Owing to a litany of drivers, the days of “green” or “alternative” energy will be terms of the past, replaced by simply “energy” as they are the standard
- GeoSolar Technologies is pioneering the home energy transition with its solar-based, all-electric, high-efficiency home model
- Transitioning homes in the U.S. to GeoSolar’s SmartGreen(TM) homes would be equivalent to removing about 65% of the country’s gas-powered vehicles as far as carbon emissions
“As one era ends, another is just getting started – and we can’t wait to show you what we’ve got coming.” That was a tweet a few weeks ago from Ford New Europe, a message regarding the Company’s transition towards electric vehicles. It’s an appropriate sentiment towards a broader paradigm shift at global scale to say a warm goodbye to legacy technologies, they’ve served us well, while embracing the next generation of innovation that will serve us even better. In the way that Ford is a leader is shepherding in the EV revolution, GeoSolar Technologies (“GST”) is re-imagining homes by using modern technology.
Right now, there are buzzwords that continue to circulate like “EV” and “green energy,” but it is not hard to imagine that the adjectives will be dropped in the coming decades. When every car is powered by electric, won’t they just become “vehicles?” Seems that the adjective will flip to the minority of “gas-powered cars.”
The same is true for “green” or “alternative” energy.” One day it will simply be “energy,” perhaps only with the definer being the source (i.e., solar, wind, hydrogen, etc.). All the evidence points to that day coming. A few examples include:
- President’s Biden’s Inflation Reduction Act earmarked $369 billion in support of implementing alternative energies to reduce emissions
- The government issued a 10-year extension to the solar Investment tax credit
- The International Renewable Energy Agency forecast electricity consumption from renewables will rise from 25% in 2018 to 90% by 2050
Maybe because it is controversial and makes for good media theater, mainstream media tends to focus almost exclusively on EVs and shortcomings with utility-scale solar and wind projects that can be confusing to investors. Fact is, not everything that will be the future is still in the future.
GeoSolar Technologies is a pioneer in the home space with its SmartGreen(TM) Home system, the all-electric home of the future and model of building sustainability. The Company already has several demonstration homes built in its home state of Colorado, a region well known to experience a wide swing of weather conditions, including heavy snow and bitter cold in the winter and hot and sunny summers.
The SmartGreen(TM) model homes delivered some of the best scores ever on the HERS (Home Efficiency Ratings System) Index.
GeoSolar handles every bit of the comprehensive solution from initial analysis to funding and tax credits until installation of the final LED light bulb – which is powered by the new roof-mount photovoltaic solar panel system. Other components include a new geothermal unit for heating and cooling, electric heat pump, “envelope” insulation upgrade, EV charger, advanced whole home purification system, and digital air and energy monitoring application.
The system can be installed during new construction or retrofit into existing structures, typically within only a couple weeks.
Owing to the continuing decrease in prices of products and attractive government incentives, solar has emerged as the most attractive renewable power source for homes as it has the lowest levelized cost of energy (LCOE). LCOE is a measure of average net present cost of electricity generation over a lifetime, allowing for the comparison of different technologies of unequal life spans.
The impact on making this transition as it relates to mitigating climate change is all too often overlooked.
There were an estimated 141.95 million homes in the U.S. in 2021. If all of these homes were converted to SmartGreen(TM) homes, which can help eliminate more than the estimated 12,000-14,000 pounds of carbon per year an average household produces, we could reduce pollution by an estimated 1.9 trillion pounds per year.
To put that into perspective, Statista estimates there were 284.4 million cars in the U.S. in 2022. The U.S. Environmental Protection Agency estimates a typical passenger vehicle emits about 4.6 metric tons of carbon dioxide annually. At 2204.6 pounds per metric ton, that’s 10,141 pounds per vehicle, or 2.95 trillion pounds of carbon emissions. Transitioning homes to SmartGreen(TM) technologies would be like removing 65 percent of the gas-powered cars off the road today.
For more information, visit the company’s website at www.GeoSolarPlus.com.
NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://ibn.fm/GST
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