- Residential sector is major energy consumer, accounting for more than 20% of US energy consumption; strong push for grid decarbonization coupled with rising energy prices are turning the tide
- More and more Americans are warming up to idea that their homes could be both energy efficient and comfortable as they seek net-zero homes to control both their carbon footprint and energy bills
- GeoSolar Technologies is poised to capitalize on this growing market demand with its technology that seeks to revolutionize how homeowners generate and use power
As the climate crisis unfolds, it’s becoming increasingly clear that residential stock may lie at the heart of the greenhouse gas conundrum. Therefore, tackling how people live may be an integral part of any green initiative that aims to succeed toward a greener future. That’s where companies like GeoSolar Technologies (“GST”), a Colorado-based climate technology company, can step in and take up the challenge to bring more sustainable living into American homes. Its SmartGreen™ systems utilize the unlimited power of the sun and earth to heat and cool buildings, charge electric vehicles, and run electric appliances.
Predominantly heated and powered by fossil fuels, American homes are notorious for guzzling energy as residential buildings contribute more than 20% to the country’s energy consumption. Often built with poorly insulated walls and thinly glazed windows, each household releases around 70% more carbon dioxide than the average passenger car (https://ibn.fm/iXxgN). Devices for temperature control, combined with home appliances such as washing machines and refrigerators, account for most of that consumption.
Although so-called passive construction — or building principles for achieving superior energy efficiency while also allowing for comfortable living — have been known since the energy crisis in the 1970s, American homeowners have been slow to embrace them fully. Due to relatively lower energy costs and a heated political debate over climate change, the nation’s residential home sector failed to adopt the technology that allows these principles on a widespread level. But that seems about to change.
Homeowners increasingly seek to ensure that their everyday lifestyle is part of the solution rather than making the climate crisis worse than it already is. In their attempt to contribute to resolving this challenge, they often work to retrofit their existing houses and bring them to “net-zero energy” status — which means an environmentally sustainable house that creates at least as much energy as possible it consumes. One such family is featured in a recent article published by The Washington Post, showing Vanessa Bertelli and Stefano Negri, who lives in Washington DC with their three children. The family decided to claim back control over their own carbon footprint and re-designed their home toward net-zero status – which involves slashing their energy consumption in the first place and then employing solar energy production to offset what they do consume (https://ibn.fm/ytxBa).
Proponents claim multiple benefits of such a way of living. These changes not only reduce household carbon footprint but can also lead to a better quality of life, thus achieving a sweet spot that combines convenience, comfort and better health with lower energy costs and smaller overall environmental impact. The air is cleaner, heating, and cooling costs are lower, and the comfort level is easier to maintain.
As a result, an increasing number of homeowners is shifting toward renewables and authorities are catching up with the updates to building codes to reduce greenhouse gas emissions and monetary incentives to support their implementation. For example, Bertelli – Negri family’s home city, D.C., boasts a lofty goal, aiming to run its grid on 100% renewable energy by as soon as 2032 in a bid to establish itself as the country’s leader in clean-energy construction. This ambitious green initiative includes requirements for new builds to be net-zero and the Solar for All program, where the city provides no-cost solar panel installation to income-qualified residents.
GeoSolar appears well positioned to respond to this rising market demand. The Company’s proprietary SmartGreen™ Home technology aims to transform every aspect of the living experience to be more aligned with the effort toward a greener future. It seeks to harness the sun’s and earth’s never-ending power to electrify homes and empower homeowners and businesses to achieve Net-Zero heat and cool buildings, charge electric vehicles, and run electric appliances. GeoSolar’s solar panels, geothermal heat pumps and advanced CERV 2 air purification systems have been designed to unleash energy efficiency by using the power of the sun and earth to enable building that works for humans and nature alike.
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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