- Exciting times are ahead for solar as US Consumers seem hungry for more renewable energy and government introduces the largest-ever US climate investment
- As energy efficiency becomes priority, this game-changing legislation incentivizes consumers to invest in clean energy upgrades such as solar and wind; demand expected to rise and stay robust over the coming years
- GeoSolar stands ready to respond to this burgeoning market need with its unique system that integrates clean energy technologies such as solar power, geothermal ground-sourced energy and more
Without a doubt, modern consumers seek to lead more sustainable lifestyles and play a meaningful role in the fight for a healthier planet. But as energy prices soar and the cost-of-living balloons, they are also prompted by monetary factors to act toward energy-efficient living. Companies like Colorado-based GeoSolar Technologies (“GST”) appear well placed to ride the new wave of the push for a greener economy as energy transition becomes one of the biggest areas of consideration for consumers, developers, businesses and governments alike.
As much as global warming is a high-level global problem requiring a concerted effort of multiple stakeholders worldwide, today’s consumers are ready to rise to the challenge on an individual level, eager to find ways to make their own contributions toward a greener future. A recent survey shows that almost 72% of respondents consider reducing their carbon footprint as nothing less than a personal priority. Over half of them (55%) said they “place importance” on their homes becoming net-zero (https://ibn.fm/WG4W9).
The US government is working to make these admirable aspirations possible, offering a myriad of generous incentives for consumers to make a shift to alternative energies. The new landmark legislation known as the Inflation Reduction Act promises to deliver significant savings by allowing hefty tax rebates for green technologies. With nearly $370 billion allocated to green and energy-related projects and incentives, the bill is lauded as “the largest investment ever in combating the existential crisis of climate change.” It is designed to reduce energy costs by directing support to renewable projects, including wind and solar, that can offer a less price volatile source of electricity compared to conventional ones such as gas, coal, and oil. Some developers believe that consumers can get tax credits amounting to as much as 60% of a project’s cost (https://ibn.fm/SB6Ds).
The rise of environmental awareness, coupled with swelling energy bills, is expected to spur more household demand for green energy. Solar tax credits have not only been extended until 2032 but have also increased from 26% to 30%. The interest this legislation has generated so far is reportedly off the charts. Installers of solar equipment expect the demand for their services to surge – apparently, enough to keep them busy over the next few years.
As the creator of the SmartGreen(R) home system that harnesses energy from the earth and sun to power homes and automobiles, GeoSolar Technologies appears well-placed to capitalize on these changes as a growing number of homeowners take the plunge and join the renewables bandwagon. Renewable technologies can offer unprecedented benefits. For example, once homeowners recoup their solar investment, the electricity this technology generates could practically be free apart from maintenance and service fees for connecting to the power grid. It is estimated that an average house could save from $10,000 to $30,000 over the span of 25 to 30 years, which is the typical shelf life of a solar panel system (https://ibn.fm/u0OZf).
With soaring costs of living, managing energy costs are the key driver urging consumers to invest in solutions that put them in control over how energy is produced, stored, and distributed in their homes. They seek green solutions that fulfill their needs both in terms of sustainability and energy bills. With new technologies such as SmartGreen(R) home system, they should be able to do good for the planet and their wallet without compromising on their comfort.
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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