Honeywell to Help Companies Choose Renewable Energy
June 19, 2008
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Honeywell has developed a new tool that will help companies evaluate the environmental and financial potential of installing different renewable energy sources for different locations around the country. With so many options for renewable energy, and a plethora or different incentives and rebates across America, this tool is expected to help increase the use of renewable energy by American companies and allow them to cut their carbon footprint and fight global warming.
The new tool, called the Renewable Energy Scorecard, looks at solar, wind, biomass and geothermal as the available options for renewable energy. In the evaluation, the tool also takes into consideration the payback period, tax implications, rebates, subsidies and other incentives when recommending which type of renewable energy to pursue.
With a lack of a national strategy to fight global warming and help individuals and companies cut their carbon footprint, different cities and states are implementing their own measures to help stop climate change. For example, San Francisco is launching a program to subsidize the cost of installing solar panels on the roofs of houses and offices to help people reduce their carbon footprint.
However, it can be hard to keep track of all the different incentives available in different places, and the Scorecard is expected to help overcome that challenge so that more businesses can find a financially feasible renewable energy source.
Kent Anson, a Honeywell representative, said, “It’s important that environmental stewardship makes good business sense too. The Scorecard takes the guesswork out of the equation.”
The Scorecard is being introduced at a time when the use of renewable energy by businesses is starting to take off. Honeywell said that the use of renewable energy grew by 10% last year. The use of photovoltaic solar cells alone grew by an amazing 56% from 2006 to 2007, as more and more companies install their own solar farms. Many big businesses, including Google, Microsoft, and 3M, have implemented some sort of renewable energy into their operations to help them cut their carbon footprint and stop global warming.
The increased use of renewable energy is expected to help the business prospects of Honeywell, who estimates that nearly half of their products are linked to energy efficiency in some form.
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Comments:(2)
Typical of a big business to try to make themselves look like 'nice people' when its really more of an effort to increase their own sales
Posted By: Ben @ 2008-06-19 12:05:48
Ben - Just because they stand to make a profit from it doesn't mean that it isn't a good thing
Posted By: Mike @ 2008-06-19 12:07:00
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