Investing in Green Energy-Saving Technologies

With today’s condo and HOA residents much more conscious of their impact on the environment and looking for ways to reduce it, smart boards and property managers are looking to help. Simple tasks like turning down thermostats, shutting off air conditioners during the day, and shutting lights when not in use all help, but there’s more that can be done. More and more buildings and associations are deciding to invest in greener equipment and devices that use less energy and leave a smaller environmental footprint.

“Everyone is cost conscious these days so the most important thing to be looking for is the return on investment,” Scott Raybin, president of The Green Savings Company, a Fort Lauderdale-based company that shows businesses how to save money and help the environment through energy efficient lighting, says. “You need to weigh the return investment versus what they need.”

A Bright Idea

One of the easiest and most common places boards look to save money on energy costs is lighting.

According to Craig Muccio, who runs the Conservation Research and Development program at the Florida Power & Light Company (FPL), compact fluorescent lights (CFLs) typically pay for themselves many times over. These new, high-efficiency light bulbs are not only cost efficient, they’re more convenient because they have to be changed less often.

“Each bulb will save about $50 over the course of its lifetime and the simple ones only cost around $2,” he says. “Some CFL bulbs for special indoor and outdoor applications are more expensive, but CFLs deliver very high value for the investment.”

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