Abstract
The use of geothermal energy (GE) and the green economy in the environment of Slovak municipalities and towns is significant, due to the reduction in the negative influences and impacts of human society’s constant consumer lifestyle. The authors highlight the use of modern scientific knowledge, practical experience, and ever-improving technologies in the field of renewable energy sources RES. The aim of this contribution is to draw attention to the under-utilization of GE’s potential in Slovakia. Given the country’s commitment to meeting emission limits under EU carbon neutrality agreements by 2050, the use of this resource is very pertinent. Slovakia has significant geothermal resources that are not currently sufficiently utilized. The article suggests using GE to heat housing units of the housing estate near the geothermal source. Three scenarios (60 °C (pessimistic), 65 °C (conservative), and 70 °C (optimistic)) were considered in our energy balance and economic advantage calculations. The green economy offers a sustainable way of using the earth’s resources. The financial calculations regarding the amount of investment, the expected financial return and the possible values of the saved emissions confirm the possibility of the further use of GE technology. The information under consideration can be used in other significant territories, which may be a theme for further research in this field.