Taking your green to the bank

turn it off for profits sake...

Here is a very interesting mini-report regarding return on investment (ROI) for green products. I have edited it down a bit from the original.

Saving energy makes sense any time, but particularly now, given our short supplies of oil and the pollution and climate change we create when we burn any fossil fuel. Many consumers are under the generally false impression that adopting "green" (energy efficient) technologies is beyond their financial reach. And especially during these economic hard times, even the suspicion that something will cost more is enough to deter its purchase.

That's why the concept of Green ROI is so important. Green ROI offers a way to calculate what the purchase of a green product is worth both in the short term and a longer way down the road. In other words, if you spend X dollars on a green product today, how long will it take you to realize a gain — in real dollars — and make the purchase worthwhile? Well, consider a few of these Green ROI calculations, courtesy of GreenandSave.com, and based on a ten-year performance period:

1. Programmable Thermostat save money going green Automatically adjust indoor air temperatures to reduce the amount of gas or electricity you use with a programmable thermostat. Cost: $115 Annual savings: $180 ROI: 156.5%

2. Power Strips Use energy-saving power strips on office electronics and home appliances to reduce energy use when in "standby" mode. Cost: $20 for two strips Annual savings: $24 ROI: 120%

3. Compact Fluorescent Light Bulbs Replace 20 incandescent bulbs that are 60 watts and have a life expectancy of 1,500 hours with CFLs that use only 14 watts and last 10,000 hours. Cost: $3 - $6 per bulb Annual savings: Each bulb saves on average $4 to $7 per year in electricity ROI: 133.3% See how saving energy saves money — a lot of money — over the long term?

But what about climate change, you ask?
Take programmable thermostats. The U.S. Environmental Protection Agency, which administers the federal Energy Star program, calculates that in 2006, consumers using programmable thermostats not only saved a total of $14 billion on their utility bills, they also saved enough energy to reduce greenhouse gas emissions equivalent to taking 25 million cars off the road. Want to know how additional investments will create Green ROI?
Go to GreenandSave.com.