Yielding Wealth | Personal Finance

What’s Good for the Environment can be Good for the Wallet

by miranda on October 15th, 2007

Blog Action Day has finally arrived, and I am ready to post on how you can save money – and even make money – by doing what’s good for the environment.

Saving money with environmentally friendly practices

Even though things like solar panels and CFL bulbs will cost you money up front, the fact of the matter is that they pay for themselves down the road in energy savings. And now, with mortgage lenders offering incentives through green mortgages, you can make energy efficient changes more easily. Plus, don’t forget that you can get tax credits for installing such environmentally friendly items as good, recycled insulation, energy efficient windows and solar panels. And you can even get tax credits for buying a hybrid.

Not to mention the utility bill savings and the savings in gas. That’s money right back in your pocket.

MAKING money with environmentally friendly practices

You can do more than just save money on sound environmental practices. You can make money when you invest in the environment. There are funds, like the Sierra Club Fund, that are made up only of companies that are eco-friendly. Investing in clean technology, such as solar and wind power, and biofuels, may also yield results down the road. And you will be supporting companies with environmentally friendly practices.

Click here for more information on saving money through energy efficiency.

Share This

Related Stories

• Welcome to Greener Assets!
• Yielding Wealth to Participate in Blog Action Day
• Ask the Piggy Bank: Can I Save the Environment and Money at the Same Time?
• The Golden Compass, Atheism and Where You Put Your Money
• B5 Apprentice Update: Yay ACES!

POSTED IN: Family finances, Investing, Personal Finance, Saving Money