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Inflation Reduction Act; Going Solar is the Next Viral Housing Trend
August 23, 2022

Inflation Reduction Act; Going Solar is the Next Viral Housing Trend

  • The newly passed Inflation Reduction Act provides a litany of incentives for homeowners to transition to renewable energies
  • GeoSolar Technologies SmartGreen(TM) package uses leading edge solar, geothermal and air quality technologies to maximize home efficiency with minimal environmental impact 
  • GeoSolar’s process is an end-to-end solution to help people better understand all the incentives available and financing options to realize a solid ROI and eventually generate clean, free energy

The passage of the “anti-inflation” bill this month should conjure up a lot more thoughts than just talking points about the bill’s name. Fact is, the landmark climate and healthcare bill, no matter what it is called, is not going to be enough to end dependence upon fossil fuels, but it does earmark plenty of funds to support wider adoption of greener technologies, reduce foreign supply dependence through domestic infrastructure, and extends tax credits that could nudge consumers into alternative energies. The bill encourages a holistic approach to transitioning towards renewable energies, a comprehensive approach that falls into the wheelhouse of GeoSolar Technologies (“GST”), as a provider of integrated services for carbon-free homes.

There is nothing simple about wrapping your brain around a massive piece of legislation like the Inflation Reduction Act. Further, as brilliantly described by a Columbia Climate School article, no one can even be sure about the future of greenhouse gases or what the transition to clean energy will look like. To have that type of arrogance would be akin to positing the (apocryphal) 19th Century quote of U.S. Patent Office Commissioner Charles Duell that “everything that can be invented has been invented.”

What is certain is that the U.S. government is offering a host of incentives to switch to alternative energies. According to the White House, the new law provides $14,000 in direct consumer rebates for families to buy heat pumps and other energy-efficient home appliances. The solar tax credit that has repeatedly reached its end of life only to be resurrected in the last hour has not only been extended, but it has also been increased to a 30% tax credit (from 26% and plans to be reduced to 22%).  The bill also included up to $7,500 in tax credits for new electric vehicle purchases and $4,000 for used EVs, amongst other things.

These incentives dovetail with the SmartGreen(TM) package of GeoSolar Technologies. The Denver-based company runs the gamut for maximizing efficient, clean living, with its expertise in HVAC (heating, ventilation, and cooling), electricity, and air purification for existing and new homes. The package is undergirded by using the natural consistencies of the sun and the ground to provide a home with the essentials.

An initial analysis and design will result in removing any toxins within the envelope of the structure. Integrated floor loops combined with exterior geothermal ground loops, ductwork, heat pump, and other tech deliver year-round heating, cooling, and hot water. The company’s CERV® Air Filtration system and associated mobile application ensures healthy and safe indoor air quality that prevents COVID-19 and other pollutants.

Rooftop photovoltaic solar panels are properly sized to provide the house with electricity and can be used to power a new electric car charging station. The return on investment will vary for the homeowner depending on a few factors, including the local utility rate, payments from utility and amount of electricity sold to the utility, and degree of electrification. For instance, EV charging against the high price of gasoline accelerates the recouping initial capital outlays.

As it goes, GeoSolar offers different financing options through its partners to help homeowners with upfront costs. Once all investment is recouped, the homeowner’s electricity is free sans any maintenance costs or service fees charged by a utility to connect to the power grid.

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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