With increasing consumer awareness, and more non-government organizations scrutinizing businesses for their energy usage, alternative forms of energy are more attractive to companies than ever. But, as Byron King points out to Inc. Magazine, companies need to be equally aware of the risks and rewards.
“Be careful,” the editor of Outstanding Investments said. “When it comes to incentives. Solar power may not work for every company, especially if there is not enough sunshine. More importantly, he says the government incentives for solar power are what make it attractive, but they might not always exist.”
He added: “Small companies need to think wisely about an investment in alternative energy. Often, a good first step is to make sure your building is well insulated and that any existing energy system is as efficient as possible.”
“Besides solar, fuel cells, and geothermal, another idea is to consider adding a natural gas microturbine, made by several companies including Capstone Turbine. The turbines can be used for co-generation with your utility to lower your carbon footprint.”
To read the full article in Inc. Magazine, click here.
Find out more about Byron King.
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