Green Investments are for Energy Independence
As we look for funds to implement conservation measures today, we need to look at the value of the future savings. After all if we do nothing, we will keep paying for inefficiency and higher energy costs.
Green community leaders would assess this enormous financial benefits which will occur after the green retrofits are made. They have the legal authority and opportunity to raise the capital that can be used to pay for the projects over the life of the system. It is possible to make the annual cost of investment lower than the annual savings achieved, if we allow 10 - 15 years to payback the initial investment.
Energy Independence can be achieved with smart financial planning.
posted by ram shrivastava @ 6:29 PM
4 comments
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4 Comments:
I'm in the midst of converting several of my properties to geothermal power. I hope that I can save myself some money this way, but I'm still not sure.
Hi Ram, I thought you might be interested in this article on my blog about the domestic use of solar power in Barbados, and this one about plans for the use of solar power in Haiti after the earthquake.
It was good to see that small islands like Barbados are installing renewable energy systems. Smart consumes helped by small governments can do wonders to energy supply independence. Good Luck!
Ram
Thanks for this post, Ram! We definitely need to become less dependent on our current energy sources, namely fossil fuels. I just saw a great documentary called "Fuel" about this topic...it was an excellent film with biofuels as the main topic - but biofuels made from waste cooking oils and quick-growth algae (which takes up CO2 in the process of growing...). There are tons of ways to reduce our energy consumption, and switch to more sustainable means!
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