Geothermal power is a low cost energy source that diversifies the fuel supply and benefits the transitioning power grid. It does not require purchase of fuel, and because it is a baseload resource, geothermal power is reliable, helping to stabilize prices. It is also dispatchable, or able to be ramped up or down quickly to make up for intermittency caused by wind or solar power. The average cost of geothermal plant over its lifetime is dramatically lower than that of traditional sources of power.
Geothermal energy is locally produced, reducing foreign oil imports and boosting rural economies through royalties and tax payments. A geothermal power project development will involve hundreds of individuals, employing local people full time as well as stimulating induced jobs.