- Renewables are emerging as energy source that can secure limitless supply while reducing consumption of fossil fuels, dependence on exhaustible sources, and negative impact of rising oil costs
- Among them, solar could have essential role; it is world’s most reliable, abundant source of green power, providing cheapest electricity in history
- GeoSolar set to benefit as solar emerges as one of most significant energy sources– one that could generate half of world’s total by 2050
GeoSolar Technologies (“GST”), a Colorado-based climate technology company disrupting the heating, cooling, and powering of homes, is set to benefit amid the rise of solar power as a potentially largest source of electricity in the world. With its patent-pending solution that combines solar power, geothermal, and other clean energy technologies into one integrated system, GeoSolar allows societies to bypass the use of fossil fuels and make a real impact in the global efforts to reduce air pollution. Its GeoSolarPlus technology appears to hit the energy sweet spot amid the worldwide push for clean electrification — it generates enough clean energy to heat, cool, power, and purify homes with little or no carbon emissions and utility bills.
Against the backdrop of the global energy crisis and the associated upswing in energy costs, renewable energy could be essential in alleviating pressures from surging power prices. As a result, the role of renewable energy has been increasing at an accelerated rate. Although not exempt from the global upward trend, renewables remain the cheapest option in most markets. With their potential to lock in those prices for years, they could be a valuable source of economic relief (https://ibn.fm/LtenN).
But among all types of renewable energy sources, solar could be an optimal response to soaring energy prices as inflation runs hot around the world. It is the world’s most reliable, abundant source of green power — and the one providing the cheapest electricity in history. It is also a more affordable technology than coal and gas in most of the major countries.
As a result, some experts expect that by 2050, solar power could become the world’s largest source of electricity (https://ibn.fm/29uNg). Solar could drop to a third or less of current costs by that time, which, combined with more efficient panels, could drive the uptake. With a vast potential reward for those who shift to the green energy economy, solar could generate half of the world’s electricity by 2050 (https://ibn.fm/CkOZk).
As climate change awareness accelerates in the United States and globally, homeowners increasingly realize the economic and environmental benefits of energy-efficient homes. According to the National Association of Realtors, homes with energy-efficient features are gaining popularity in the market as homeowners seek to reduce energy costs and their environmental impact. With green upgrades to their house, it is estimated that they can save from 5% to 30% on their home energy bills (https://ibn.fm/WYt4h).
Still, the benefits of an energy-efficient home go beyond lower energy bills. Some green home features can also drive home value appreciation since green homes are increasingly becoming more attractive to buyers. As a result, more home buyers are choosing to purchase a house with green features. For example, the survey NAR conducted in 2022 shows that 50% of realtors assisted in transactions involving homes with green features in the last year— a steep jump compared to 32% reported over the previous year.
In an environment like this, companies like GeoSolar are well-positioned to capitalize on the massive momentum the industry is gaining today. As a creator of the Smart Green™ Home system for newly built and existing residences and commercial buildings, GeoSolar is committed to delivering smart green technology for a carbon-free home. Retrofitted to existing homes or built into new developments, GeoSolarPlus helps homeowners significantly reduce – or even eliminate – utility bills and allows them to enjoy lifetime energy independence and protection from price surge and energy shortages while enabling them to decimate greenhouse gas emissions and contribute to a healthier living environment.
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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