• EVs are only doing so much to affect climate change; houses account for 33% of all carbon emissions in U.S.
• GeoSolar Technologies SmartGreen(TM) Home system is a zero-carbon solution that uses a combination of green technologies to eliminate the need for fossil-fuel energy
• SmartGreen(TM) households have been constructed in Colorado, where its geothermal heat pump system helped achieve some of the highest HERS scores ever

With climate change front and center, industries are innovating and making changes wherever possible to slash carbon emissions to meet global warming targets of 1.5 °C above pre-industrial levels. Rapid growth in electric vehicle sales is making a difference, but the real opportunity to move the needle resides in a far lesser discussed topic: homes. More succinctly, the heat pumps that keep people comfortable inside, an opportunity that is at the heart of the business model of GeoSolar Technologies (“GST”).

Heat pumps have been around for more than 160 years, and the technology continues to advance its efficiency. Heat pumps work by moving air. Simply put, heat pumps move hot air from indoors outside during the hot months and reverses the process in the cold months. These pumps use electricity as its energy source, as opposed to forced air furnaces that burn oil, propane, or natural gas to heat a building.

Geothermal heat pump systems work a bit differently in ways that they don’t draw air from the outside. Rather, the air in the system is pushed through underground pipes where temperatures remain far more constant, making the system even more efficient.

Some make the argument that heat pumps aren’t as appropriate for cold climates, for which GeoSolar Technologies strongly disagrees, putting its money where its mouth is to prove that notion wrong. Headquartered in Denver, Colorado, the first pilot homes of its patented SmartGreen(TM) Home system were constructed in the often-bitterly-cold region, delivering some of the best scores available in the Home Energy Rating System (“HERS”), the industry’s gold standard for measuring energy efficiency.

GeoSolar’s SmartGreen(TM) Home is a comprehensive system that results in a carbon-free home, a growing trend in residential housing. The system utilizes photovoltaic solar panels on the roof, geothermal ground loops and heat pump for heating and cooling, state-of-the-art air purification system, electric vehicle charging station, electric water heater, and optimized wall and ceiling insulation keep air from moving in and out of the building’s envelope.

For a reason, the idea of everyone getting an electric car is a short stretch, while home emissions go largely ignored when they should command a lot more attention. As GeoSolar poignantly reminds its communities that homes account for about one-third of all carbon dioxide emissions in the U.S. 62% of electricity used in buildings across the country still come from natural gas and coal-fired power plants.

“The U.S. has 84 million outdated homes with obsolete, fossil fuel driven energy systems that are highly toxic and polluting,” according to GeoSolar. That’s a lot of opportunity for the company to make SmartGreen(TM) a household name.

From the time a customer contacts GeoSolar, the company owns the whole process, starting with an audit of the home, explaining the installation – which typically only takes a couple weeks and can be done in new construction or retrofit – while arranging financing if required, and making sure the homeowner benefits from all government incentives available, which abound at state and federal levels.

Further proving the point for year-round functionality, heat pumps are becoming a hot commodity in Colorado. According to Xcel Energy, Colorado’s biggest electricity provider, the number of rebates it issued between 2021 and 2022 more than tripled to 1,220. In a similar vein, the number of heat pump rebates for the #2 electricity provider, Tri-State Generation and Transmission Association, jumped 40% to 942.

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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