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The Economics of Going Green

How a pragmatic approach to climate change can benefit your bottom line?

Invest in green energy

Many consumers make investment choices based on the environmental choices a company makes:

Global investment in renewable power and fuels totalled $214,000,000,000 in 2013, excluding large hydro-electric projects.

Developing renewable energy could:

  • Stimulate more than $137,000,000,000 in renewable energy investments.
  • Create over 200,000 direct jobs.
  • Provide electricity for 7,000,000 homes.

SRI (social responsible investments) investing grew more than 22% from 2010-2012.

Alternative energy mutual funds gained an average of 28% year-over-year through June 2014.

Steer an electric vehicle

Drivers are increasingly getting a charge out of electric automobile:

The cost of fuelling an electric car is roughly 1/3 the cost of driving a gas-powered vehicle.

Most all-electric vehicles and plug-in hybrid vehicles can top 100 miles per gallon of gasoline equivalent, based on EPA auto industry mileage standards.

Owning a Nissan Leaf, one of the top-selling electric vehicles, can save you at least $1,000 in the first year alone, compared to one of the top-selling conventional sedans, like Honda Accord.

Advanced batteries can last up to 15 years.

Some manufacturers offer 8 years / 100,000 mile warranties.

Assess sustainable home solutions

A variety of money-saving upgrades are available:

Nearly $200 can be cut from annual heating and cooling bills by upgrading to Energy Star-qualified HVAC equipment.

Additionally, about 20% of heating and cooling costs can be shaved in the home using insulation.

Solar is increasingly affordable

Payoff in savings over a 20-year period averages $20,000 per homeowner nationwide, though in several states savings surpass $30,000.

Government incentives and smart financing plans are helping people get into solar for little-to-no money down.

The average price of a solar panel declined 64% in the past 4 years.

1,500,000 average American households could be powered with new solar electric capacity set to come online in 2014.

Residential homeowners leasing solar systems report saving between $70 and $110 monthly on their electrical bill with solar.

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