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Home > Green News > Editorials > HOT Green Business Ideas

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GREEN PATIENCE - "Business owners may need to be patient as the payback period can take time," says Lee Barken, a practice leader at Haskell & White LLC, an accounting firm in San Diego. "The good news is that renewable energy projects are becoming more and more financially compelling." ~ 4-22-2010 ~ Wall Street Journal
ALTERNATIVE FINANCING - "Nick Droboniku, owner of English Creek LLC, a self-storage business in Egg Harbor Township, N.J., says four community banks declined to help him purchase a $500,000 solar-panel system in January, despite offering proof that federal and state grants would offset 80% of the tab. An angel investor loaned him the necessary funding instead.

OFM applied for the Treasury's 1603 grant and plans to seek out federal and state tax credits.

Hyannis Country Gardens secured a $47,500 grant from the Department of Agriculture, plus a $225,000 state grant, Ms. Duffley says. A bank loan covered most of the balance and the company is now saving on its energy output.

4-22-2010 ~ Wall Street Journal




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