- The 28 home Geos neighborhood in Arvada, Colorado has distinguished itself for its provision of net-zero-energy, green homes
- The homes used technology akin to that provided by GeoSolar Technologies’ SmartGreen(TM) Home System
- The SmartGreen(TM) Home System has sought to make the average American home environmentally friendly whilst satisfying its energy requirements entirely through renewable energy sources – slashing utility bills close to zero in the process
In 2015, Dar-Long Chang quit his 15-year career with ExxonMobil after coming to the realization that oil and gas was not a sustainable industry – a decision whose foundations lay well in the past, when Hurricane Ike impacted the city of Houston in 2008. The tropical cyclone made landfall on September 13, 2008, ravaging the state of Texas with sustained winds upwards of 110 miles per hour (“mph”). The hurricane would go on to damage over eighty percent of Houston’s homes and infrastructure, whilst knocking out power to over three million Texans by one count. Dar-Lon Chang attributed the disaster to climate change. Years later, when he made the decision to quit ExxonMobil, Chang looked for an environmentally friendly home, one which would be both, energy sufficient and help contribute to a Net Zero future. What he found was the Geos Neighborhood in Arvada, Colorado (https://ibn.fm/wwXvl).
Homes powered by renewable energy have long been dismissed by developers and consumers as an unrealistic ideal; developers would remark on the elevated upfront costs that such a building would entail (i.e. it costs an average of $18,000 to install a 6kW grid-tied residential solar system) and the lengthy payback period that such an investment would result in (https://ibn.fm/PmVE2). However, Norbert Klebl, the engineer behind the net-zero-energy, 28-home Geos neighborhood argues that the price of going green doesn’t have to be that high. Klebl revealed that the 28 homes required an estimated $20,000 to $25,000 extra in construction costs per home. Moreover, he added, the homes resulted in a 70 percent improvement in energy efficiency whilst simultaneously, slashing the consumption of fossil fuel-based energy to zero.
It is exactly this kind of vision that GeoSolar Technologies (“GST”), a Colorado-based climate technology company which provided the systems underpinning the Geos Neighborhood, is now looking to bring to fruition at a grander scale. Through the introduction of its proprietary Smart Green Home system – an environmentally friendly, renewable energy focused technology designed to harness energy from the earth and sun to power and purify homes and automobiles without the use of fossil fuels, GeoSolar have looked to tackle the astounding thirty percent of global greenhouse gases generated by households every year. Moreover and during a time of increasingly elevated electricity costs, the company revealed that the average GeoSolar-powered home could result in a negligible carbon footprint with homeowners disbursing less than $100 per annum in utility bills (https://www.geosolarplus.com/geosolarplus).
Whilst the installation of solar panels and geothermal heat pumps have played an important role in the construction of a GeoSolar Technologies-powered home, the Company has sought to adopt a more holistic approach towards energy conservation and the achievement of a carbon-free future. Homes are oriented with large, south-facing windows, thereby attracting sunlight in the wintertime. Houses are also created with ‘tighter shells’ and triple-paned windows to avoid leakages; as Geos engineer Norbert Klebl noted, the average American home exchanged upwards of 100 percent of its interior air every five hours through leakages alone. Finally, the homes would be conditioned with a unique air circulation system, recirculating air through air and heat pumps to heat and cool homes rather than relying on traditional air-conditioning and gas furnace systems. Although Klebl acknowledged that some people could view the heat pumps as a “mystery” given the rarity of the technology within American homes and their temperature regulation systems, he did point out that it was relatively commonplace. Nearly every household in American had a heat pump in the form of a refrigerator he noted, designed to keep the interior cold, and heat out.
A recent study carried out by Consumer Affairs found that seventy percent of American homeowners reported an increase in home value following the installation of solar panels, with three out of four homeowners stating that they would not buy their next home if the property did not boast solar or some type of eco-friendly feature. With sustainable living and renewable energy provision increasingly on the minds of homeowners, GeoSolar Technologies has sought to position itself to assist with the green revolution soon to hit American shores.
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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