From Guest Blogger Taylor: How Going Green Will Save You Money
As converting to “green” is becoming increasingly popular, a plethora of energy-efficient opportunities have arisen that are allowing individuals to better the environment. On top of creating a better environment, going green is providing on outlet for individuals to save enormous amounts of money within their day-to-day expenses. Below I wanted to bring up a few ways that going green can help save money while assisting the world in bettering the environment.
Tax Credits
As the green movement becomes increasingly popular, it is now becoming a recognized asset in the state and federal government’s eyes. This means there are a large amount of tax credits and rebates available to an individual or business looking to go “green”. For example, the Investment Tax Credit (ITC) on solar energy is currently sitting at 30% until December 31, 2016. This means that now can be the best time for a business to dive into the “green” world; as for customers, the ITC is creating market certainty for these businesses and inspiring competitive pricing for consumers – making it extremely cost efficient to go green in today’s world.
Electricity Bills
One of the biggest opportunities for individuals to save money by going green is converting your household appliances to their “green” counterparts. Replacing and old air conditioning unit with a new, energy-efficient A/C can potentially cut a household’s electricity bill in half – as they use far less power to operate. That is just one appliance. The average household has at least five appliances that can be replaced with energy saving appliances. However, since this can be quite expensive, it may be a good idea to start devising a plan to utilize your upcoming tax return to help make the change! After all, it will pay for itself in the long run!
Gasoline
The fact that gas prices are high is not a surprise to anybody. However, part of your “go green” plan can be to include a carpooling agreement between coworkers and yourself. Carpooling is a great way to reduce your personal carbon footprint, and with the way gas prices are nowadays, it can save you massive amounts of money – see the savings for yourself. Plus things like parking costs and vehicular maintenance become far less apparent as well. In the business world, many companies have been adopting fleet management technologies that are helping reduce fuel costs by monitoring engine idle times and preventing drivers from speeding. No matter if you are an enormous business or just a single individual, everybody is looking to save gas, and thankfully there are many opportunities to do so.
Overall, going green is becoming a common practice throughout the world, and now that there are multiple financial benefits to doing this – there is no better time than now! Thank you for reading! Let’s keep the conversation going! What green opportunities have you taken to save money?
