- Geothermal systems provide financial benefits for new construction homes due to lower installation costs
- GeoSolar’s SmartGreen(TM) residential and commercial energy systems tap into geothermal and solar energy to dramatically lower or eliminate utility bills
- U.S. Department of Energy (“DOE”) recently announced Biden administration plans to reduce geothermal system costs by 90% to $45 per megawatt hour by 2035
Geothermal systems tap into the earth’s energy to heat and cool homes throughout the year. Besides lowering utility bills, lower installation costs for new construction has the potential to increase home values in some markets (https://ibn.fm/wmQAO). GeoSolar Technologies (“GST”), a climate technology company based in Colorado, addresses the rising demand for geothermal technology with their SmartGreen(TM) whole-home renewable energy systems that commits to lower bills, reduce carbon emissions, and provide unparalleled energy efficiency.
“The financial benefits of a geothermal system are clearer for new construction homes because installation costs are lower than on an existing home,” said Vikram Aggarwal, CEO of EnergySage, a green educational energy and quote-comparison site based in Boston. “But even for existing homes, lower…
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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