GeoSolar Technologies Inc. Plays a Key Role within America’s Household Electrification Drive
Dec 9, 2022
- Homes in the US are increasingly resorting to electricity to satisfy their power requirements, shifting away from their prior mixed-fuel use model
- All electric homes can result in carbon emissions which are 81% lower than their mixed-fuel counterparts whilst simultaneously, resulting in significant utility-related cost savings
- GeoSolar Technologies have sought to cater to the ongoing electrification of US households through their proprietary SmartGreen(TM) Home system
- A recent housing development in Riverside County, California has looked to test the dual concepts of green energy powered households and a microgrid – insulating homes within the community from failures in the state power grid
If you were to acquire a home constructed at any point over the past forty years, chances are that it is an all-electric home. A survey carried out by the US Energy Information Administration found that 35% of hom es built in 1980 or later used only electricity, with 25% of all homes nationwide now solely employing electricity to satisfy their power requirements (https://ibn.fm/lQwWS). A recently published research study has now revealed that not only do all-electric homes result in substantial carbon emissions savings over their mixed-fuel powered counterparts – over 81% lower on average, but they also boast a far more inexpensive cost profile. Within New York alone, an all-electric home was shown to result in net present cost savings of as much as $6,800 relative to a mixed-fuel home over the course of the 15-year study.
The carbon emissions savings of an all-electric home have been warmly welcomed by local state governments; cities in California, Washington, New York, and Massachusetts have all passed laws or adopted codes mandating or encouraging all-electric new building…
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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