How to Save With Green Renovation
This two-part series looks at the green renovation trend. This article explains why you should consider going green with your next renovation. The second article will tell you how to do it.
Firms ranging from the
Going green gets them great publicity -- and saves them money in the long run.
Homeowners also can benefit from going green, saving money even as they do their bit to save the planet. Those cost savings help
A Chance to Save MoneyMany homeowners who undertake green home-improvement projects aim to improve energy efficiency -- a no-brainer in these days of high energy prices. Others are looking to improve indoor air quality by ditching products like formaldehyde-treated wood and standard paints, which can release toxic vapors. Still others hope to preserve natural resources by selecting products whose creation doesn't harm the environment, such as flooring made of bamboo rather than wood from clear-cut forests. Green renovation projects cost a bit more than traditional remodeling jobs, but the green premium has declined sharply in recent years thanks to the increasing availability of expertise and materials. A
Government IncentivesOwners of commercial buildings already have incentives beyond the long-term cost savings to go green. By incorporating green-design elements like water conservation and eco-friendly site management, they may be eligible for reduced insurance premiums as well as lower interest rates on building loans, along with some significant tax incentives. Similar incentives may slowly find their way into the residential market as more homeowners do green building projects. For example, Massachusetts offers a
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV