Property Owners Benefit from Clean Energy: Think Solar
A multi-pronged approach to solving future energy needs seems like the more feasible solution because no single
alternative can meet the growing demand for energy.
The ultimate solution lies in a collection of alternative energy technologies that share a common strand - they
are naturally replenished (renewable).
However, among all the available alternatives, solar offers a more practical solution, not only because of the
abundant sunlight, but also because it makes more economic sense, as far as a return on investment is
Currently, solar is a very sustainable and robust source, thanks to advanced technology that has enabled the use
of more efficient solar collectors, better installation techniques and innovative power transformations.
Many property owners and business leaders have realized that continued reliance on fossil fuel sources is
beginning to impact, not only the environment, but their businesses too. The cost of fossils, such as oil and
natural gas, have become too exorbitant to profitably sustain business.
Thus, the ‘buzz’ word in the corporate world has become ‘change for sustainability’ and, clean, renewable energy
is at the center of this strategic goal shift. Business leaders are now more convinced than ever that clean energy
is going to play a pivotal role in determining sustainability, thus, many companies are incorporating alternative energy sources to cut their huge energy expenses.
The numerous environmental effects of fossil fuels have a direct impact on costs, to the community and
individuals as well. Where those costs are not passed on to the consumer (individual), they are called
The biggest peripheral costs indirectly passed to the individual are health costs, in the form dealing with all
associated health risks that arise from exposure to pollutants. This can be through healthcare costs, loss of work
or missing work, and even death. It’s therefore imperative that utilities are forced to account (through
appropriate policies) for some of these environmental and human costs. Such policies may include taxes on
emissions, or limiting emissions for specific geographical areas.
Even without accounting for externalities, both individuals and businesses stand to benefit from using green
energy. Renewable sources, such as solar, do not have any pollutants associated with their production, thus, the
businesses do not risk the brunt of non-compliance, while individuals in the neighbourhood are not exposed to
Many times, the benefits are not apparent. Regulatory policies concentrate on a single pollutant at a time, as
research is carried out on its impact on the environment. Then, when a new regulation comes into place, a series of
other controls may be added by industry.
It may seem expensive to switch to renewable energy from fossils, compared to any single pollution control
obligation. However, if all possible future controls are considered as a whole, renewable energy is by far a better
alternative (given the number of pending regulations).
In a nutshell, businesses, property owners as well as individuals will benefit from clean energy in the long
run. Many options are being experimented but solar is the most viable at the moment. Nevertheless, trying any
renewable alternative is a good gesture towards greener living.