Getting “The Green” by Being Green (Improvement Funding through Energy Savings)
Abstract:The Paradox: “A household investing 90 in upgrading 30 incandescent light fixtures to Compact Fluorescent could save up to 1,500 over the life of the bulbs (333% ROI).” 1 So why have less than 10% of households made the switch? Is it a lack of knowledge regarding the fiscal benefits of efficiency upgrades or the cost of the capital investment?
Most city managers know a 20% improvement in operational efficiency could save tens of thousands of dollars annually in operational cost. But the question remains, how do local and state governments implement lucrative efficiency improvements without the funding resources necessary to improve outdated infrastructure? How do we become green if we can't get The Green?
This paper will discuss funding methods available to local, state and federal governments purposely designed to assist in capital improvement projects that can considerably reduce operational cost, minimize carbon footprint and enhance a community's long-term sustainability.
Document Type: Research Article
Publication date: January 1, 2008
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