Sunday, December 02, 2007

Saving Energy with Community Sustainabilty Funds

LED lights are the most efficient technology of the future that is available today. The biggest roadblock for everyone buying LED lamps is the sticker shock of the cost of lamps. While the package says it will save 80% over the life and last for 15 - 20 years, you still need to take out more money upfront for getting savings in future. The most common reaction by the buyer is to buy the cheaper lamp and keep paying more as they use the lamps, due to lower efficiency's.
So what is the solution?
A sustainable green community has the choice to use the leveraging power of the public retirement funds. A part of the funds could be invested with local banks to create the" sustainable green revolving loan funds" that can issue energy retrofit loans to pay off the amount over 36 or 48 month period. The borrowed money can be used to pay for LED light retrofits in homes and businesses. The good news is that you can pay for the loan payments from the savings and after the loan is paid off keep all the savings for the remaining life of 10 years or longer. Smart communities will hopefully use this green funding techniques to help the tax payers benefit and get over the hump of higher initial cost of LED lamps.


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