Good debt implies the money was borrowed and used to invest with the aim of increasing assets. By taking this debt, you can not only increase the value of your business, but you can lower ongoing costs and make a positive impact both on the environment and as an example to those around you.
The value of energy efficient upgrades
It is good for the environment
When you use less energy, you save on natural resources and cut down on pollution. Through energy efficient technologies and policies that embrace the use of green energy, there is little or no importation of oil, coal, and natural gas. Pollution is reduced because minimal power plants and cars emit greenhouse gas.
Energy efficient upgrades in facilities and businesses save on a much bigger scale. Amount spent on importation of natural gas and electricity can be cut down. Local companies can provide green energy through energy efficient equipment and services. It also creates jobs through projects like building infrastructure and improvements.
There are also energy-efficient innovations by industries. They can devise new lighting products like flame-shaped or dimmable candelabra CFLs and do away with Light Emitting Diode (LED) lighting which consumes a lot of energy.
This energy makes your environment more enjoyable. In your facility, for instance, you will rarely change the energy efficient bulbs during winter or summer. They are made to regulate the environment hence making it fit always.
Businesses can also improve their productivity by embracing energy efficiency in both production processes and office buildings. Transportation and access to electricity are made easier because of these smart technologies. The quality of life is improved and you will feel the comfort.
Why debt to finance energy efficiency is good debt
Financing for energy efficiency upgrades is a form of good debt because it, too, will pay growing returns over time in a number of ways. From a more comfortable workplace to investing in the future of the planet, to cost savings as energy costs continue to rise. There are a number of incentives and programs that can make financing energy efficient upgrades affordable and worth the time and energy. Learn more here, or contact your utility provider.
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