There’s a contest at my work to be green. One gets points for reducing one’s carbon footprint. One of the things I can do to get points is switch to “green” energy producers. The way it works is you pay a little extra money in your electric bill and the green program promises to produce the amount of electricity you used and put it on the grid. The reason why the cost is higher is that the infrastructure of green energy is still being built, so eventually the cost of green electricity should be competitve. I’m hesitant because it just sounds like a donation that isn’t tax deductable or an investment that isn’t going to have any returns. It’s not as if the people putting these windmills up are non-profit, they are making money, so if I put the front money, I should be a shareholder in their company.
I would like to know if there is a way to invest in green energy producers the way you would invest in any new business venture, because at least I would that way get a little return on my investment of helping to put up the wind mills or solar panels instead of just paying more to put them up so I can have the pleasure of buying green electricity from the people who I gave money to start their business.
More Pages:
- Solar Energy: How Many Liberals And Democrat Would Be Willing To Invest Their OWN MONEY In Green Energy And Solar Panels? (12/4/2011)
- Solar Producer: Is The Notion Of Alternative Energy Being Economically Viable Wishing Thinking? (5/6/2011)
- Solar Products: Is Creating An Online Store For Green Energy Products A Good Idea? (6/28/2011)
- Solar Products: Why Are Green Products So Expensive? (8/17/2011)
- has anyone had any experience with a “energy saving program” called “Green Monster?
{ 5 comments… read them below or add one }
you have the right idea. the next step is research and buy ‘that green company’ stocks (thru brokerages, i.e. scottrade, e*trade, etc….)
This question isnt even worth answering. I’m sorry but reducing your carbon footprint has no effect on the environment what-so-ever(So why waste your money by “going green”) This is another scam to get more money from the theory that “humans are causing global warming” which is completly false.
look on here http://www.geocraft.com/WVFossils/ice_ages.html for the global warming stuff cause thats what this is all about…. go green to prevent global warming… its a bunch of hubb-ub.
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I don’t know of any such companies that you can invest in directly. but you can invest in publicly traded companies by buying their stock. Companies like First Solar, Trinity Industries (build wind towers), Quanta Services (hook up wind farms and solar farms to the grid), and many others. I recently wrote a review of First Solar’s stock on my stock recommendation blog. check it out:
http://kmsweeklystockpicks.blogspot.com
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