What’s the business climate like for green investment? Are there strategic partnerships for commercial enterprises? What are the biggest benefits? These are among the questions that arise for New York-based businesses that are considering investing in clean, eco-conscious energy to power their operations and facilities.
Those weighing the pros and cons of green investments have several online resources at their disposal for research purposes, including the tools at Just Energy, as well as the State Energy Research and Development Authority’s website at nyserda.org. The Authority’s site is a repository of important information concerning current financial aid opportunities.
But why should New York-based businesses invest in emerging green technology, environmentally-friendly renovations and energy efficiency? There are several benefits that emerge from a business perspective. These revolve around the twin goals of minimizing operational costs and maximizing profits.
Let’s examine how managing your energy sources and usage in favor of the environment can have a resounding positive impact on the bottom line. We will briefly look at how green investment implies real savings for both businesses and customers, while building up the kind of good will that generates customer loyalty in the long term.
While federal tax cuts are perennially uncertain, the state of New York presents a stable, long-term business climate for developing green energy products. A number of financial incentives and support programs, including an array of generous rebate programs, such as the New York Energy mart Program fund which can help offset upfront capital expenses.
Additionally, many owners as well as tenants are eligible for the New York State Department of Environmental Conservation’s property tax credits. Credits are extended to those who outfit buildings with energy-efficiency mechanisms, improve air quality indoors, and otherwise reduce commercial buildings’ toll on the environment.
Investment in green energy can pay off in the long run by generating rapport with the large numbers of consumers that are supportive of expanded clean energy applications. Consumer good will has the potential to translate into competitive advantage. Today’s energy pricing trends indicate this pattern will only intensify in the coming years.
Energy efficiency benefits all New Yorkers, and that is a large part of why going green builds invaluable good will with present and future customers. Reduced water and air pollution and better access to affordable power are two of the biggest reasons New Yorkers appreciate innovative commercial development and businesses with a green edge.