Tuesday, March 17, 2009

Mother Nature can blow some cash your way.

The greening of commercial real estate continues to gain momentum.  Conservation of energy and saving money on energy expenses is top of mind for real estate executives.  A relatively new method of renewable energy wind power.  

The development of wind turbines to provide electricity for municipalities, homes and buildings is becoming more and more popular as utility expenses continue to rise.  Any property can install (at their cost) a wind turbine on their property in the hopes of reducing all or a portion of the power currently used.  I read an article from the Cleveland Plain Dealer a week or so ago about a property close to Lake Erie is considering a wind turbine for the property.

http://blog.cleveland.com/metro/2009/03/sheffield_lake_plan_wind_turbi.html

Consider the billions of dollars that can be saved on energy costs by investing in renewable energy.  The set-up costs will be high but the savings justify the expense.  The savings can be turned into a profit center if structured correctly.  Coastal, mountain and flat locations need to consider the benefits of installing wind turbines at their properties.   The benefits are clear.


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