- Energy costs are surging across America, driven by overreliance on natural gas; this dominant fuel source for both home heating and electricity generation has soared in price
- More and more states across the country are starting to push for renewable energy adoption as benefits, both environmental and economic, are becoming apparent
- As the country’s unsustainable dependence on gas brings another hit to consumers’ budget, companies like GeoSolar works to offer a better path forward with solutions designed to protect both the environment and consumers’ wallets
Americans are looking to take their green effort to a new level with sustainable living as fossil fuel-induced climate change has worsened the risk of extreme weather events, increasing them in frequency, intensity, and scale. Coupled with energy price increases due to heightened international uncertainties, it highlights the need for a shift from our reliance on energy from fossil fuels. In an environment like this, companies like GeoSolar Technologies (“GST”), a Colorado-based climate technology Company, stand to benefit as rising awareness of climate change is accompanied by the increasing understanding that overreliance on fossil fuels can have a detrimental economic impact on consumers through high energy costs.
Energy prices are soaring, and many American households feel the pinch as they struggle to cope with rising energy bills (https://ibn.fm/awZQo). In some parts of the country, wholesale power prices soared more than 6,000% amid the height of the recent cold wave, likely bringing considerably higher heating costs as the natural gas price spike gets passed on to consumers. This kind of climate events could become more common as climate change causes more extreme weather. Currently, almost three-quarters of buildings in the U.S. use fossil fuels for heating and other everyday living needs, thus creating 10% of the country’s carbon pollution every year. Since half of the new homes are built with fossil fuel heating or appliances, carbon pollution could be locked in for decades (https://ibn.fm/rCvrC). In addition to being a mounting threat to the natural environment and societies, affecting our well-being and a healthy planet, this also means an overreliance on fossil fuels–a commodity with escalating prices.
But there could be a better way forward. It is becoming increasingly clear that green energy can help Americans save money and reduce carbon pollution. For example, electrification means transitioning from using fossil fuels to using clean energy to run home appliances for existing and new homes alike. Renewables such as solar panels with battery storage can help American consumers to take counteraction against soaring energy bills (https://ibn.fm/zhK82). To retrofit existing homes, electrification means to switch to electric devices that can considerably reduce or even eliminate carbon pollution, and for new ones, it means ensuring a construction that is electric-ready.
More states are taking legislative steps to promote renewable energy in their bid to decarbonize buildings as part of comprehensive legislation that considers impacts on energy efficiency, the electrical grid, and natural gas infrastructure. For example, Washington State passed a new energy regulation that mandates heat pumps for most new buildings beginning in July. Claimed by many to be the most robust, climate-friendly state building energy code for new construction, it requires heat pumps for both space and water heating with the goal of reducing the use of fossil fuels and the greenhouse gas emissions that result from burning them (https://ibn.fm/KxNdU). Other parts of the country – from California, Maryland, Colorado, Illinois, Montgomery County and New York to Los Angeles, Chicago, Honolulu, Boston – are hopping on the green bandwagon as the benefits of action become harder to ignore.
As a Colorado-based climate technology Company, GeoSolar appears well-positioned to capitalize on the growing momentum of green energy across the country amid this push for green energy alternatives. With its SmartGreen™ holistic renewable energy systems that include rooftop photovoltaic solar panels and geothermal ground loops, GeoSolar works to help consumers capitalize on the power of the sun and earth to provide heating, air conditioning, and electricity. This innovative solution is designed to offer a comprehensive energy transformation, adaptable to almost any home type, including new construction and existing buildings. The SmartGreen™ Home system can produce all the energy a home needs in addition to providing an electric vehicle charging station.
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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