• The Inflation Reduction Act (“IRA”), a linchpin to the U.S. meeting its emissions goals, includes $369 billion dedicated to expanding renewable energy
• The new bill is projected to generate $600 billion in capital investment, 550,000 clean energy jobs, and 525-550 gigawatts of new clean power
• The passage of the IRA served as a catalyst to solar stocks and continues to grow interest in upstarts like GeoSolar Technologies

President Joe Biden is on a mission to cement his legacy as an ambassador of all things anti-climate change. The passage of the Inflation Reduction Act will forever be his key piece of legislation as he doubled down on America meeting its emissions targets. The administration’s efforts are good for solar stocks from up-and-comers like GeoSolar Technologies (“GST”) to established brands like First Solar (NASDAQ: FSLR) and the loyal solar investment community that has endured over the last decade as solar builds momentum.

“We’re proving that good climate policy is good economic policy,” said President Biden in a speech at the COP27 climate negotiations in Egypt. Biden emphasized, “The United States of America will meet our emissions targets by 2030.” The country has a promised to cut greenhouse gas emissions by at least half compared to 2005 levels by the end of this decade, which means an acceleration in efforts considering the current trajectory has the U.S. reducing emissions by just under 40 percent by 2030.

The U.S. is the second biggest emitter of greenhouse gases in the world, trailing only China. The recently passed Inflation Reduction Act (“IRA”) earmarks $369 billion to expand renewable energy over the next 10 years, the nation’s biggest commitment ever to alternative energies like wind, solar, and electric vehicles. Notably, the IRA adds tailwinds in American trends to reduce dependence on China for alternative energy products. Tariffs on Canadian products have been lifted and incentives abound encouraging companies and consumers to shift away from fossil fuels.

The American Clean Power Association estimates that the IRA will generate $600 billion in capital investment, while creating 550,000 clean energy jobs and 525-550 gigawatts of new clean power.

Investors piled into depressed alternative energy stocks as it became increasingly clear that the IRA was going to be passed. This was evident in money rotation in exchange trading funds (“ETFs”) flipping from net outflows of $223 million in the two weeks prior to news of a Congressional agreement on the IRA July 27 to $433 million of net inflows, according to Morningstar data.

Subsequent to the lawmakers’ pact in July ahead of the IRA bill becoming law, individual solar stocks have performed well. First Solar shot from $70 in July to $161 in November. Enphase (NASDAQ: ENPH) is up approximately 85%, SunPower (NASDAQ: SPWR) has gained 37%, and Array Technologies (NASDAQ: ARRY) has surged 67%, amongst others.

Rising interest rates have not had much of a negative impact on solar stocks either. Now, with the Democrats keeping control of the Senate, the cheers for solar could get louder. Against this backdrop, GeoSolar Technologies eyes a public listing. Denver-based GeoSolar is the creator of the SmartGreen(TM) Home system (all-electric) that harnesses the power of the earth and sun to let people own their own green energy system and disconnect from the utility grid.

The company was founded in 2020 by an elite team of respected climate scientists for the purpose of making a meaningful impact on climate change. In that effort, the team developed an all-house solution featuring solar and geothermal technologies that is suitable for warm and cold climates, new construction, renovations, and retrofits.

A SmartGreen(TM) home is the epitome of efficiency. GeoSolar ensures the envelope (the exterior walls and attic are properly insulated to keep the outside temperature out and inside temperature consistent. The system involves using all electric appliances and mechanicals (no propane or natural gas allowed) because the heart of a SmartGreen(TM) home is on the roof in the form of a photovoltaic solar panel system. The solar panels provide all the electricity the home requires, including optional electric vehicle charging stations also provided and installed by GeoSolar.

Heating and cooling utilize geothermal, which involve installing underground piping, called ground loops. Ground loops are run at a depth where temperatures are consistent year-round. In this capacity, the earth serves as a heat source or heat sink, depending on if heating or cooling is required, as a critical part of an electric geothermal heat pump system.

GeoSolar’s SmartGreen(TM) homes also feature a CERV® Air Filtration systems that provide ultra-clean air free of pollutants and pathogens, including SARS-CoV-2, the coronavirus responsible for COVID-19. GeoSolar handles the complete process from design through construction and even assists with 100% financing options and any tax deductions and government incentives available.

The whole patent-pending process to flip to all natural energy resources can be completed in a few weeks. The first SmartGreen(TM) homes have been constructed in GeoSolar’s home state that is known to have hot summers and snowy winters where they have received some of the highest scores in the industry standard Home Efficiency Rating System (“HERS”).

As it raises money via a Regulation A+ capital offering and readies to join the public domain, GeoSolar has the fundamentals in place to expand its geographical footprint that includes some 84 million outdated homes with obsolete, pollutive, fossil fuel-powered energy systems and 1.4 million new homes constructed each year.

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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