In spite of all the good benefits that they can get in constructing an eco-friendly dormitel, there are also some drawbacks that they should consider. These problems may affect the decision of the people who would want to invest in this kind of business.
According to (Joseph, ND) says when switching to solar power will be costly to install solar panels at business facilities. It is not always enough that going green can reduce expenses to balance the initial upfront conversion cost. Also, using green materials can be more expensive for investors. According to John Kaplan, owner of Green Cabinetry, he must get his building materials from West Coast and Asia which leads to higher prices for the consumers.
With that, investors may think that
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Along with that issue, availability of the materials could affect also its budget. Stated above, it needs to travel from different place to another place that may cost more at a higher price. Further, construction of an eco-friendly dormitel takes much time. According to (Lake,
ND) says it may be difficult to look for something in the midst of all the things where they do not need most of it. Thus, finding such resources will definitely demand as an extra time. It will be a disadvantage especially to some green building projects that encourage the recycling of materials that were thrown yet still useful and the location of materials needed. This might be a problem that the people who would want to do this kind of project may doubt because of the materials needed and are demanded in the business.
In line with this, as stated by (Morgan, ND) says in developing green business, it can be timely because it needs time to find the best ways in order to achieve the green environment of the business. More to that, they also need time to find the best source of materials to make it green. That is why being timely is an issue because of the process in adopting the green
Decision Making Area 3:Investment Decisions * Table of Articles * Summary of Articles * Observations * Conclusion
installing solar panels are changing tastes and preferences of consumer. As Energy Sage (n.d.) stated,
Many people do not live ecofriendly lives or find protecting the environment to be important.
In 2014, Hewlett Packard’s (HP’s) headquarters in Palo Alto, California partnered with SolarCity, a clean renewable energy solar provider, to outfit their headquarters with over 4,000 solar panels (Canales, 2014, para. 1). HP, a 75-year plus veteran of international technologies, understands the importance of creating and investing in sustainable solutions throughout its value chain. HP states: “We set bold targets to lead the IT sector. We are committed to sourcing 50% renewable electricity for our operations by 2025 and reducing operational greenhouse gas (GHG) emissions by 25% compared to 2015,” (“Living Progress,” 2017, para. 5). This commitment is not limited by HP to their products and services, but extends to, literally, their work environment. A small, but significant step to demonstrating this belief, is their project of installing solar panels over the heads of their top decision makers. “… [The] 1 megawatt system… is expected to offset more than 20 percent of HP’s current power usage onsite… [the] installation is expected to help HP reduce its utility power costs by approximately one million dollars over the next two decades,” (Canales, 2014, para. 1). To a company that earned a net income of 3.1 million in 2016 (“Cash Flow,” 2017) one
Keeping in mind the end goal to accomplish this objective of cleaner energy I propose the plan of solar panels on government structures in New Jersey. With your organizations financing, backing, and administrative resources, I am certain that this target can be accomplished. Currently, "regular gas is giving expanding measures of power, with coal and renewables creating under one-tenth of
One of the key attractions to solar energy is how fits in with a growing drift to act more environmentally sensibility. It is achieves by three ways. For one it’s renewable, unlike other popular forms of energy such as fossil fuel, solar energy won’t run out. Second, due to being renewable it’s also maintainable. As other forms of energy stop to exist, they can pose jeopardy for future generations that might depend on those types of power. Finally, solar energy doesn’t generate the problems of pollution that coal and fossil fuel energy do. Savings on monthly energy bills with financing assisting to offset the original cost, the monthly savings from having solar power can actually add up over time. This is gathering made possible because you can ‘sell back’ extra solar energy that decreases your total power bill, in some cases down to $0. Availability many areas around the country are major places for harnessing the sun’s energy. This becomes more deceptive as new technologies advance the productivity of collecting solar power. Maintenance is very simple, because solar panels don’t involve any moving parts; they are moderately maintenance-free. All that’s usually needed is a simple cleaning a few times a year. Cost Perhaps the biggest element that stops people from converting to solar power is the large upfront cost associated with it. While it’s true that installing a solar power system in your home isn’t cheap, Existence solar panel can help comfort the initial cost
President Jimmy Carter installed thirty-two solar panels on the roof of the Whitehouse in 1979. Two years later, however, President Ronald Regan ordered the solar panels to be removed as one of his first acts as president, emphasizing the political divide on energy production and consumption. Similarly, January 20th, 2017, marked a transition into a new era of U.S. energy policy. With the inauguration of President Donald J. Trump, came a new energy plan with a heavy focus on non-renewable energy that contrasts the previous administration’s ideals. The Trump Administration’s America First Energy Plan promises to remove “burdensome regulations on our energy industry” and “take advantage of the estimated $50 trillion in untapped shale, oil,
• What would your guess be on how long it would take to do a rebuild?
will be just as cheap to produce electricity from solar power as it will from
Finally, we can point out another main challenge for GREENoneTEC that is the rise of raw material costs which have extremely increased since 1995 (the price of copper had increased by more than 150 percent in 16 years for example). Thus our company has to deal with this increase by looking for opportunities to reduce the costs of production. It can play on economic scale, searching new suppliers less expensive or even changing the conception of its products with different raw materials.
Unfortunately, until we move or own or choice of a home someday we do not have the option for solar
In addition, solar energy operational costs are manageable. It is free from monthly charges compared to conventional sources of energy. Solar energy does not require raw materials such as oil and coal, and once the panels are built, there will be no monthly charges. In addition, the prices of fossil fuels are increasing day by day, and this means conventional energy will be very expensive. Solar energy will remain the most capable world’s future power supply because, it is cost effective once the plants are built, and there will be no transport costs like for conventional energy sources. Therefore, solar energy is cost-effective, and will help in future energy supply, as the maintenance cost is affordable, as long as they are installed properly, and are working efficiently ( Hans, 2012). Furthermore, with the improvement and advancement of technology, it will increase its efficiency, and cost of production thus, making it more cost effective and the world’s best
1. Introduction 2. Analysis of current position 3. Analysis of new project 3.1 Methodologies and processes of Valuation 3.2 processes of Valuation 4. Conclusion
In conclusion, this scenario does not put the time as of the essence, but will
The costs for installations are outrageous and it will take years just to make the installation fees back. If more of these expensive farms are built before we can research to get the price lowered, we will all be hurting through our tax dollars. So beware… solar technology isn’t as friendly as it seems!