- Homes are responsible for 20% of carbon emissions in the U.S. and 16% of carbon emissions in U.K.
- GeoSolar Technologies’ SmartGreen(TM) Home package can eliminate 100% of a house’s carbon footprint and up to 60 trillion tons of emissions when expanded to buildings and businesses
- With the addition of technologies, such as SmartGreen(TM) Home system, increases a home’s value by $15,000, according to the U.S. Department of Energy
When it comes to carbon emissions, factories and vehicles usually are the first to spring to mind for bellowing pollution. While true, U.S. homes are the sixth biggest carbon emitter in the world, creating 20 percent of the nation’s total carbon pollution. In the U.K., where homes responsible for 16 percent of the region’s carbon emissions, a new organization called Future Homes Hub is actively spearheading a transition to sustainable homes, indicating the global nature of the push for net zero.
Future Homes Hub is chaired by David Thomas, CEO of U.K. residential property development juggernaut Barratt (LSE: BDEV), which has introduced a bevy of green technologies into its homes. “With the cost of living rising, energy efficiency has become a key driver for our customers,” Thomas told Big Issue earlier this month.
In the U.S., companies like GeoSolar Technologies (“GST”) are specialized in green home packages that eliminate dependence upon the electricity grid while maximizing efficiency and growing home value.
The average U.S. household produces about 9 metric tons of CO2 (carbon dioxide) equivalents each year. Add it up across 142 million American homes and that’s more CO2 emissions than is emitted by the entire country of Germany. To lend some color as to breakdown, consider that a typical house expels twice as much carbon every year as an average gasoline-powered vehicle.
GST wants to change that. The Colorado-based company offers its SmartGreen(TM) Home, which can be retrofitted to existing homes or built into new developments in any climate with an installation process that takes just a few weeks. The comprehensive program includes sealing and insulating the “shell” or “envelope” of the house (exterior walls, attic, etc.), eliminating any usage of fossil fuels (natural gas, heating oil, propane) in favor of high efficiency electric appliances and mechanicals, and installation of rooftop solar panels as the new electricity source, geothermal ground loops used in heating and cooling, electric heat pump and water heater, floor loops, LED lighting, air purification system, and electric vehicle charging station.
“GST plans to reinvent the home energy market and deliver more value by creating energy efficient homes, advanced highly monitored air management, air sealing, rapid electric vehicle personal charging stations and AI controlled home automation,” the company said in announcing a Regulation A+ offering this summer.
GeoSolar Technologies, which is raising money ahead of coming public, has completed several home installations in Colorado that have earned premium marks by the Home Efficiency Rating System (“HERS”), the industry’s gold standard for evaluating energy performance and efficiency. The company estimates that if every U.S. house were outfitted with its SmartGreen(TM) package, the country would eliminate 1.9 trillion pounds of carbon emissions annually.
Extrapolate that to buildings and businesses and GeoSolar Tech management says 60 trillion tons of emissions could be eliminated each year. The company’s leadership team is comprised of industry and executive veterans with backgrounds at companies including Piper Aircraft, Chevron Energy, Exxon Mobil Energy Research, Siemens, and McKinsey, to name a few.
The environmental impact is a benefit with a substantial financial perk. A study by the North Carolina Building Performance Association showed that homes with lower HERS Index scores sold for as much as 9.5% higher in North Carolina’s major metro areas, compared to homes that were not rated. Furthermore, the National Renewable Energy Laboratory found that every dollar saved on energy through solar increases home value by $20.
According to Zillow, homes with solar panels sell for 4.1% higher on average than homes without solar energy. With the median sales price of an existing home in the U.S. being $303,757 in August, that’s an increase of $12,454. Energy.gov echoes that sentiment, estimating solar-powered houses commanding a $15,000 premium, plus selling faster than non-solar counterparts, explaining why demand for solar is gaining momentum.
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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