How to Make Green Technology Pay Off for You: Green Technology: Eco20/20

How to Make Green Technology Pay Off for You

When people say "green technology" they are referring to the fact that a particular technology is environmentally friendly. It is a complete coincidence that "green technology" can also fill your pockets with cash (also green). Green technology is extremely popular right now and the trend seems to be gaining momentum with the unrest in the Middle East and objectives that are filtering down from the White House to increase the amount of "clean energy" produced in the United States to 80% of the total energy produced in the US. Here are just a few ways that you can cash in on the growing trend.

Cost Savings: Going green can save you money….eventually. Installing energy efficient doors and windows or upgrading the insulation in your home can lead to big savings in energy costs the long run. The upfront cost can be a bit steep for these big ticket changes but there are smaller simpler steps you can take to lower energy costs without it costing you an arm and a leg. Consider an automated thermostat that will shut off the heat or air-conditioner when you are at work, swapping out inefficient incandescent light bulbs for CFL bulbs or installing a water filter for your kitchen instead of buying bottled.

Job Opportunities: The green technology business is booming and whether you are heading to college or already mid-career, looking into the green job market may be a smart move. With President Obama's goal of having 80% of the energy produced in the United States come from "clean energy" sources the already surging green job market will be growing for years to come.

Tax Incentives: If you didn't jump in on the tax incentive programs over the past 5 years you missed out because the 2011 package is not as generous. However, if you do intend to make some energy efficient home improvement there is no sense in leaving free money on the table.

Sound Investment: Possibly the best way to cash in on the green technology boom is through investments in green technology companies through purchasing their stock. Johnson Controls Inc (Ticker Symbol: JCI) for instance, is a company that manufactures and sells automotive parts, energy solutions and building efficiencies. The energy solutions refer to Johnson Control's battery division. They will no doubt benefit from the growing demand for hybrid and electric vehicles. The building efficiencies portion of the business deals with heating, cooling electrical and security systems. This includes systems that allow buildings to reduce energy consumption like smart meters and efficient environmental controls.

These are just a few of the many ways to make the green technology trend pay off for you.