Friday, March 20, 2009

Look to the sun to grow your bottom line

The use of solar power is not a new concept.  The use of solar power within commercial real estate is not a new concept.  However, the concept you can turn solar power into a revenue source is new.  Murray Shor, of Shopping Center Digest just blogged about the impact of leasing / development of the "Green" movement.

http://shoppingcenterdigestblog.blog.com/4629750/  

Major developers are listed in the article who all are pursuing these resources to green their buildings but the main reason is the fact they profit from it.

The Green movement has / will provide many significant revenue streams for developers and real estate owners as they begin to pursue these initiatives.  The main opportunity will be for owners to enter the energy business within their portfolio and re-sell the energy to their tenants.  

While geography will play a role into who can and will be able to take advantage of this option, the energy that can be stored and used to power buildings, malls and home... is significant.  In some cases, the revenue that will be generated is in the millions.  While a considerable investment will be necessary to purchase the infrastructure, the savings and revenue potential can justify the expense in just a few years.  Aside from the good PR that can come from you pursuits, why wouldn't you invest in the "greening" of your buildings?  Therefore, let the green movement put a little more green to your bottom lines.


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