Renewable energy technologies a major business investment

Several decades ago, few businesses took the initiative to investigate green energy sources to meet their growing energy demands. However, in today's world it's not uncommon for companies to determine technologies such as wind power or solar energy installation will be a practical and cost-effective investment. In fact, going green is slowly becoming the norm for businesses across the country and around the world. 

Making the initial investment 
While sustainability can have major benefits for companies, such as lower energy costs and a stronger reputation with consumers, the investment can be unaffordable to some in the beginning. According to The New York Times, subsidies for the renewable energy industry are extremely limited when compared to the natural gas sector; this can in turn make green energy more expensive for businesses to implement, as sustainable technology firms continue to seek investors to finance new projects. 

"We've made great progress in bringing down the cost of renewable energy technologies like wind turbines and solar panels," said Dan Reicher, executive director of the Steyer-Taylor Center for Energy Policy and Finance at Stanford University, according to The New York Times. "Where we haven't made the necessary progress is on bringing down the cost of financing he projects that use that equipment, so the cost of renewable energy is higher than it needs to be."

Financing the cost of sustainability 
For many smaller firms, funding the cost of green energy installation could be a major expense that isn't easily covered. In these instances it may be helpful for company owners to seek project finance that will allow them to invest in these new technologies without struggling to pay their bills. 

However, business financing has become more difficult to get in recent years, especially for smaller startups or firms in unconventional or risky industries. How can an entrepreneur manage to get loans that will cover sustainability projects? More are considering working with small and mid-sized banks to achieve these goals. Smaller institutions are often more willing to hand out loans than big banks, making it easier for firms to achieve their green goals and install clean energy sources. 

But small banks can do much more for businesses than lend the money necessary for green projects. Smaller institutions can also provide more personalized solutions to ordinary business banking needs, helping entrepreneurs better manage their company accounts and achieve other goals. 

Content presented by Bridge Bank, offering flexible, customized solutions for entrepreneurs.

Getting Started

Find your ideal banker:

Select any filter and click on Apply to see results

Featured Insights

After the financial crisis of 2008, risk management became a top priority for most businesses. Metric Stream, a...

An Employee Stock Ownership Plan (ESOP) can be an effective way to create liquidity as well as serve as a means to...

Self-confidence is a valuable trait for any CEO, but it should be blended with a willingness to accept help when it’...

The growth of U.S. exports is a trend that should continue along with a strengthening global economy, says a report...

Banks are increasing commercial real estate (CRE) loans at a rate...

Bizjournals.com reports on Sept 22 that existing home sales fell in August for the first time in four months as...

A new bill signed into law on Sept. 19,...

Every bank is going to tell a prospective client that they can serve their needs, but asking the right questions...

It doesn’t have to be a total loss when the bank turns down your request for a loan to expand your business. When...

Recent News

12/16/14
San Jose, CA – December 16, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
12/16/14
San Jose, CA – December 16, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
12/04/14
San Jose, CA –December 4, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
10/28/14
San Jose, CA – October 28, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
10/16/14
Conference Call and Webcast Scheduled for Thursday, October 16, 2014 at 5:00 p.m....
10/14/14
San Jose, CA – October 14, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
10/02/14
San Jose, CA – October 02, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
10/01/14
Bridge Bank's Holding Company Admitted to the Sandler O'Neill Sm-All Stars Class of...
09/03/14
San Jose, CA – September 3, 2014 – Bridge Capital Holdings (NASDAQ:BBNK), whose...
BusinessWire
07/28/14
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (“KBRA”) has assigned senior...

Twitter

Featured Insights

Featured Insight

After the financial crisis of 2008, risk management became a top priority for most businesses. Metric Stream, a...

Featured Insight

An Employee Stock Ownership Plan (ESOP) can be an effective way to create liquidity as well as serve as a means to...

Featured Insight

Self-confidence is a valuable trait for any CEO, but it should be blended with a willingness to accept help when it’...

Recent News

Banks are increasing commercial real estate (CRE) loans at a rate...

A new bill signed into law on Sept. 19,...

Twitter