How Much Millennials Need to Save for Retirement

Retirement can be the last course of life to be in the mind of millennials. But, life is getting tough by the time as the technology is taking over. Millennials now need to save 40% of their income as compared to 15% of the past saving plans. Right now, millennials are the ones in the toughest position and it can get tougher by the time of retirement.

However, let us do some math here to understand how much savings millennials need for the retirement plan and how they can make it happen.

Importance of Retirement Plan for Millennials?

The employment program is reshaping into automation, artificial intelligence, and machine learning along with a lot of other technological advancements. So, you need to invest more in on-demand skills and mental resilience including overall health. Because you need to be fit and mentally healthy to survive the wave of technological advancements.

millennials-savings-plan

More importantly, you need a retirement plan for you to live a happy and joyful life in the last years. Besides of retirement plan, you can also consider life insurance for seniors, visit SeniorsLifeInsuranceFinder.com.

Experts About the Retirement

In 2016, the 17th Annual Transamerica Retirement Survey of Workers gave their perspective on the retirement for baby boomers, millennials, and Generation X. According to it, 72 percent of people contributing to 401(k) plans were born in 1979 and 2000 is around 72 percent and investing around 7% of their annual pay. And the other 30% invest more than 10%.

The same report shares the way boomers and Generation X had early withdrawals of their investments stating the major issues or debt pay-offs. So, millennials need to learn from the other generations and plan better.

So, you must be asking a question; how to plan your retirement budget?

How to Plan a Budget to Retire by the Age of 70 or Above?

Just assume that you have $23,000 in your IRA and you are planning to retire in the next 30 years. Moreover, you happen to manage to set aside $100 a month over the next three decades, you will end up with about $288,000 in total.

It is only if your investments in that IRA deliver an average annual 7% return for the remainder of your savings window. There may be other complications, but you can get through them while you’re planning retirement.

The question here is that if you are aiming to have this much amount at your retirement, how can you save it in this ongoing era of low wages and economic downfall?

1. Invest Early and Often

The main thing you need to do is to invest early and make it often. If you cannot 40% of your income, at least invest in the skills and health plans. Because by the time you retire, your skills and health can be core essentials to help you keep going.

2. Save Your Bonuses for the Retirement

Another plan is to start adding your bonuses to the savings account. So, next, when you are celebrating receiving a bonus, make it count by adding it into your savings account. In case you are not getting any raises or bonuses, you can still add some of the amounts from your income to save for a better lifestyle at the time of retirement.

3. Woman or Have a Family? Save Even More

Women generally dismiss the retirement plan. But they are more on the edge without a retirement plan. So, if you are a woman with or without a family, save even more.

Despite all the women equality protests, women are still facing low wage issues. So, if you are working around the clock and still end up with lower savings, you may need a better plan for your retirement. Therefore, start saving more by cutting more percentage from your income.

4. Have a Side Job

If you are dreaming about the comfortable retirement time and you don’t have enough income to cut 40% out of it, you can have a side job. Plan this job only for retirement and include the income in your retirement plan. It is just a way of planning for the long-term.

5. Pick Any of the Expense and Save It

We can increase our expenses and cut them off for our good. So, if you cut off some of the expenses, do it and include them in the retirement money. Yes, life is about living in a present, but the last years of your life shouldn’t be broke because you were busy living the life of the present.

Plan it accordingly and save for the days when you might want better health care and even a better lifestyle.

6. Invest in Different Plans

Invest in the 401(k) plan or choose IRA plans to smoothly plan your budget. Usually, all plans offer a tax advantage, but 401(k) and IRA are the hottest options in the market. For example, 401(k) contributions are made with pre-tax dollars, which reduces your taxable income. Roth IRAs, in contrast, are funded with after-tax dollars but withdrawals are tax-free.

So, find the institution offering these plans and start investing right now. All you need is to learn from the mistakes of boomers and other generations.

Final Thoughts

Ultimately, you need to prepare yourself for retirement. Do your math or listen to the financial experts to understand and manage your money accordingly. Millennials are hungry for the information and putting up important fights too.

So, they need to be mentally aware of their retirement plans too. Also, the job of the future is changing and you will need a safety plan to be healthy and fine.

What You Should Know Before Investing in Bioenergy Stocks

In recent years, there has been a gradual shift that has seen people paying extra attention to biomass energy and more environmentally friendly options, which has filtered down to their lifestyle choices as well. However, this is not to say that it is a relatively new concept, as bioenergy is said to be one of the world’s oldest sources of energy. Although initially, it did not lead to many benefits or returns for investors, that has been improving. In 2021, particularly, reports have noted that the industry is starting to find its footing and entrench itself as one worth investing in.

Through the use of technology and key differentiators, many industry players are fast attracting investors and highlighting the competitive advantage that the industry holds over other less sustainable alternatives. In light of this, one might argue that investing in bioenergy may prove to be a viable sustainable forex trading option, given that the industry has been showing a certain level of growth and may possibly reach new heights in years to come.

biofuel-production

Investing in bioenergy stocks

Before investing in biomass energy stocks, however, it is worth noting that it is generally a more expensive energy source to produce. Additionally, naysayers have highlighted that it requires a lot of wood from natural forests, which some people will ultimately lead to deforestation. Although generally championed as the more environmentally friendly alternative, writings on the matter claim that if the wood is not fully burnt, it can result in particles that contribute to air pollution.

These are perhaps some of the reasons behind the initial hesitance to invest in biomass energy. On the upside, bioenergy is a great way to repurpose waste and it can be stored with minimal energy loss.

Penny stocks and economies

Given that most of the biomass energy companies are listed on stock exchanges, it is therefore true that the decisions that investors make on the stock market will affect the prices and availability of commodities in global economies.

Having an understanding of this can better guide and inform your decisions as an investor on how to trade stocks or commodities. These include penny stocks, which can be defined as common shares of small public companies that trade for less than one dollar per share. In light of the activity that the bio energy industry has been experiencing, it is no surprise that there is correlating activity amongst penny stocks.

bioethanol india

As at July 2021, listed amongst some of the best energy penny stocks that you might want to consider investing in were Southwestern Energy, Transportadora de Gas, Taronis Fuels and Denison Mines. Of these, Taronis Fuels is described as a global industry player that produces renewable and socially responsible fuel products. It is also said to have a high liquidity and trades more than 160 829 shares per day. Southwestern Energy is described as one of the largest natural gas and natural gas liquid providers in the US. To provide an indication of its activity and investor confidence, it reportedly trades more than a whopping 3.7 million shares per day.

Recommended Resource: How BioEnergy Can Change the World

Solar Energy Prospects in Oman

Even the fleetest of glances at global solar energy map shows Oman to be well placed to exploit the energy-giving rays of the sun. In fact, over the last few years, a gaggle of reports have been published extolling the virtues of exploiting this renewable energy source. However, with increasing and more urbanised populations consuming greater and greater amounts of energy, only now are governments across the Gulf and wider MENA regions seriously looking at harnessing solar power to help fill potential energy deficits.

Sealing and mounting application of epoxy resins increase the environmental tolerance of the solar equipment

Mr Jigar Shah, quoted in a recent article, said investors were “desperate to invest in the Middle East solar industry” and were waiting for clear instructions from the governments in the region. He said, “The economics of switching to solar energy are far better here than in South Africa, India, Brazil, China and the US. Now that the costs of developing solar technologies have significantly declined, it is time for the Middle East to turn talk into action.”

That there is huge potential in the solar industry was underlined in no uncertain terms by the announcement last year of a $2 billion project to develop solar power projects in Oman. The plans also envisage creating industrial plants for the manufacture of solar panels and aluminium frames, to be used by the power station and also for local consumption and export.

Knowledge and technology transfer were also critical contributors to the success of the project which also aimed to tie-up with major international technology companies and international universities with expertise in renewable energy education, to help train the local population in servicing this burgeoning industry.

David Heimhofer, Chairman of Terra Nex Group and Managing Director of Middle East Best Select Fund, said, “By attracting foreign direct investment in the growing renewable energy sector and using German expertise, Oman will become not just a regional leader in the field, but also benefit from the great intrinsic value within the complete value chain associated with this economic sector. He says“In addition to generating new jobs for the Omani people and boosting exports, this project creates an entire industry that Oman can be proud of.”

The project is expected to deliver more than 2000 jobs for Omanis across a diverse range of industrial sectors and services. In order to increase the skill set of the local population to help service these new jobs, the University of Zurich proposed the setting up of an educational institution in the Sultanate specialising in the field of renewable energy engineering.

4 Things to Do When You’ve Faced Identity Theft Online

Our current level of technological development allows online users to get jobs on a different continent or communicate naturally with people miles away. We have instant access to information and easy access to technology but we’re also more exposed to risks than ever.

While being online browsing and using social media is something millions of people do every day, very few of them are aware of the many Identity Theft scams that run online (among others). According to the 2021 Identity Fraud Study by Javelin Strategy & Research, Americans lost around $56 Bn to ID fraud in 2020.

ID theft online is a sneaky thing because the victim doesn’t take notice until it’s too late to do anything to stop the damage. When they learn something is wrong, all they can do is try to mitigate the disaster. So, if you’ve faced ID theft and you’ve become a victim or believe you may be one in the future, here are the four main steps to take:

Identity Theft Online

1. Get Extra Protection

Start by checking all your accounts (banking, email, social media, and others). Change the current passwords and implement two-factor authentication on the ones that allow it. Also, check with your bank and let them know you think someone stole your ID.

Next, add an identity theft service that protects your digital and financial identity by setting up watchlists and services that monitor your most important accounts.

2. Put a Fraud Alert on your Credit Report

One of the biggest inconveniences of ID fraud is a damaged credit score. This can have long-lasting effects that continue even after you’ve dealt with most of the aftermath of being an ID theft victim.

Plus, a fraud alert on your credit report lets anyone checking it know something is wrong. So, in case someone uses your data to get online loans, apply for a job, or get a credit card, the fraud alert will warn them to stop the action and alert you (the owner).

To put a fraud alert, you only have to contact one of the three credit reporting agencies in the country. Since they share a database, once a fraud alert is placed by one of the agencies, it will notify the other two as well. A fraud alert is free and it lasts for one year (it can be prolonged) – it’s an easy-to-use protection method in case of emergency.

3. Check your Credit Card Reports & Your Accounts

Once you place a fraud alert, you’ll receive a free credit card report from each agency. Use these to look for evidence of fraud such as new accounts you didn’t apply for, employers you’ve never heard of, payments you’ve never made, and anything out of the ordinary.

Also, make sure to regularly check your accounts for vanishing amounts or transactions you haven’t authorized.

4. Talk to the Authorities

While there’s not much they can do until you are sure your identity has been compromised, they will provide guidance on the steps to take until then. You can also familiarize yourself with the process, in case fraud is confirmed (so you’ll be able to act fast).

In the US, you’ll have to report the event to the FTC and the police (in that order). Make sure you know what data to include in these reports so all your accounts are covered. Once this step is complete, you will have to start the long journey of contacting each agency, company, organization, and more that provide you a service or might be convinced to open new accounts or provide services in your name.

Wrap Up

ID theft is a lucrative line of business and even though there are many new technologies that could make a difference in the near future (like blockchain), for now, it’s best to practice caution when navigating online.

Going Green – Are Green Finance Deals Really Worth It?

Whether you are looking to go green because you are selflessly trying to help save the planet, you want to save some of your hard-earned cash, or, most likely, a combination of the two, deciding to make your lifestyle and your home more environmentally friendly does come at a cost.

Green Finance

Fortunately, lenders are now offering more cost-effective ways for you to embrace sustainability. From solar panel agreements to energy improvement mortgages to short-term loans for smaller green changes, keep reading to discover all the green finance deals on offer.

Energy Improvement Mortgages

If you are looking to make eco-friendly improvements to your home, such as more energy-efficient windows, additional insulation, or a better heating and cooling system, an energy improvement mortgage can help you to achieve your goals.

For those that already have a mortgage, you can increase your loan amount by refinancing your mortgage to cover the costs of your new upgrades. Although this will increase your monthly mortgage payments, you will recoup this over time through lower energy bills. (If you are age 62+, consider refinancing into a reverse mortgage for the same result)

In fact, by simply installing double-glazed windows in your home, you can expect to save $250-$300 per year. Given that these windows can last up to 20 years, this could save you $6000 over their life span. Furthermore, if you choose to install triple-glazed windows, you can expect further savings of between 5%-10%.

Short-term loans

If you are looking to make a series of smaller changes to your home, which do all add up to significant savings, your best bet may be to take out a short-term loan.

Cashlady offers quick cash loans that can be approved almost immediately, typically lending lower amounts that are paid back within short timeframes.

Small green upgrades that you may want to consider making include:

  • Installing LED lights that last longer and waste less energy than standard fluorescent bulbs – save up to $75 a year.
  • Fixing any inside or outside leaks – save up to $35 a year.
  • Replacing an old toilet with a WaterSense model – save $100 per year.
  • Planting shade trees – save $35-$199 a year.
  • Purchasing energy-efficient appliances. By upgrading all of your appliances, including your dishwasher, oven, fridge-freezer, and kettles to ones with a higher efficiency rating, you will use up to 40% less energy.

Solar leasing or PPAs 

Did you know that more than 75% of American households have access to third-party owned solar power?

What exactly is this?

Both solar leasing and power purchase agreements involve the solar provider in question paying for and being the rightful owner of your solar power system. They will take care of the system installation, the maintenance, and any repairs that need carrying out.

solar-leasing

Solar leasing can be advantageous, as you do not need to pay for any upfront costs to install the solar system. However, the savings you make will be less than if you purchased the solar panels outright, plus the provider is entitled to the financial incentives for going solar.

Alternatively, if you want to purchase solar panels outright, you could consider a home equity loan. Buying solar panels is not a cheap option (you can expect to pay between $10,000 and $30,000 depending on the size of your home). However, they are expected to last for at least 25 years with a less than 10-year payback on the system, meaning you could potentially enjoy 15 years of free electricity.

Top 5 Advantages of Blockchain Certification

Blockchain technology today has spread across a wave of industries. Blockchain has gone far off its genesis and a report says that annual worldwide spending on this technology has nearly tripled since 2017. Annual spending on blockchain solutions is anticipated to reach $16 billion by 2023. Today, almost every industry, be it gaming, banking or finance are realizing blockchain applications.

blockchain-certified-professional

“Everything will be tokenized and connected by a blockchain one day.”

– Fred Ehrsam

From the perception that blockchain is meant only for banking purposes, it successfully moved to the implementation by almost every sector like:

  • messaging apps (like Telegram)
  • hedge funds (Numeral)
  • Voting (as in Follow My Vote)
  • Internet Identity and DNS (as in IBM Verify Credentials)
  • Critical Infrastructure Security (for example, blockchain-enabled keyless signature infrastructure)
  • Ride Sharing (used by Arcade City)
  • Internet advertisement
  • Crypto exchanges
  • Education and academics (as used in Learning Machine)
  • Car leasing and sales
  • Cloud storage, cloud computing, mesh networking
  • Industrial IoT, forecasting, and real estate
  • Blockchain marketing

Now it is clear that blockchain is finding its application everywhere and making a career in this field would definitely prove to be a huge success. Let us explore how taking up a Blockchain certification course can let you make a pronounced career move.

Let us now see what actually Blockchain means.

What is Blockchain?

Blockchain is no new term for people involved in investments, banking, or cryptocurrency.

Blockchain, which is based on peer-to-peer (P2P) topology, is a distributed ledger technology or DLT. It allows data to be stored across the globe on numerous servers that allow anyone on the network to see everyone else’s input in near real-time. This makes it difficult for any user to achieve control of the network.

Simply put, blockchain is a chain of blocks, where ‘blocks’ refers to the digital information that is stored in a public database that is ‘chain’. Blockchain was initially created to serve as a platform to support Bitcoin.

Blockchain provides businesses with the promise of transactional transparency, which gives them the ability to create secure, real-time communication networks with partners worldwide that includes supporting everything from supply chain to payment networks, or real estate, and healthcare data sharing.

Blockchain technology conserves a record of entire exchanges of data that takes place. In terms of cryptocurrency, transfer of every information is referred to as ‘transaction’, and the database where all transactional records are saved is referred to as a ‘shared ledger’. Every successful transaction is added as a ‘block’ in the ledger.

Reasons to get Blockchain Certified

The candidates who wish to make a career in the Blockchain domain can go for blockchain certifications that are offered by the blockchain council. The certifications render a thorough knowledge of core concepts of blockchain and may prove to be the pathway to a lucrative career in this domain. Getting blockchain certified makes you industry-ready by making you develop the right skills you need to be proficient in the domain.

Let us read about the reasons why you should get Blockchain certified (as stated by the Blockchain council): A census states that 50% of people use the Internet today, but only 0.5% use blockchain; this can be taken as an opportunity to move ahead and learn blockchain.

You need to:

  • Understand how blockchain technology works.
  • Learn the skills related to blockchain.
  • Collect useful resources and make their efficient use.
  • Implement your knowledge in building decentralized applications.

1. Huge demand for blockchain professionals

Blockchain is trending today, and there is a shortage of skilled professionals. You can develop the required skillset and land on to a lucrative job.

2. Excellent salary and high job prospects

Indeed.com reveals the average annual salary of a blockchain developer to be USD 92,982.  The salary increases with your experience and also, the job market is bright for blockchain enthusiasts. The roles for which companies are looking for are:

  • Cryptocurrency Developer
  • Cryptocurrency Analyst
  • Cryptocurrency Trader
  • Cryptocurrency Mining Technician
  • Systems Engineer
  • Bitcoin Full-Stack Developer
  • Cloud Engineer
  • Senior Software Engineer

3. Absolute Disruption in chain

Blockchain is capable of adding significant value by improving confidence between parties and minimizing friction in the value chain. Hence, it creates many job opportunities as managers might be reassessing their value chains, and players might be estimating their future positions.

4. Industries on Blockchain

Apart from banking, almost every industry is implementing Blockchain technology today, such as energy resources, supermarkets, healthcare, cloud storage, real estate, travel and transportation, voting, and many other sectors.

Other advantages of getting blockchain certified include integration with new-age technologies, the inflection point of an era, data security and digital identity, calculated investments in cryptocurrencies and ICOs, vast infrastructure.

Bottom line

Blockchain is considered a disruptive technology which means that it is capable of bringing out drastic changes in the industry. Eventually, it has become one of the dominant technologies in the market today. The reason being that blockchain is an open-source ledger that is public. It makes transactions fraud-free, and no central authority controls it. The transactions made using blockchain are faster and reasonable.

Since blockchain is applied in almost every industry today, you can choose the industry you like and move ahead to make a career in it. You can choose from the many job roles offered by the blockchain council.

To achieve blockchain certification, it is strongly recommended that you take up a training course. There are several benefits of taking up the training course by some genuine online training provider.

Firstly, the thing that you worry about is the study material, from where to start and what to study. By taking up the course, you don’t need to care about this. Secondly, no time limitations are there and you can study anytime you wish to, and that too at your own pace. Third, you can choose from the modes of learning offered, that is, blended learning, instructor-led, or online training. All you need is to get yourself registered.

Renewable Energy Stocks to Buy in the UK

The UK has become a leading voice in the fight against climate change. It’s cleantech and green energy sector consists of a startups and scaleups, all serving as a microcosm for the rest of the planet. Electric cars, renewable power and even insect-based protein for pets – this is the extent of innovation happening in the UK. Of course the UK isn’t the only country serving as an incubator for renewable energy companies – many other countries and companies are doing their part. However, if you’ve got an interest in renewable energy stocks to buy in the UK, then keep reading to know the best renewable energy companies to invest in the United Kingdom.

1. Recycling Technologies

A product of the University of Warwick conceived back in 2012, Recycling Technologies has aspirations towards a circular economy specifically for combating the effects of plastic. Thus far this green energy company has created modular technology that converts mixed plastic waste into a viable fuel for new plastic production, thus lessening the amount of new plastic on the planet.

recycling technologies

To date, Recycling Technologies has raised enough investment capital (£33.7m) to start building and commercialising its technology.

2. First Light Fusion

Conceived at the University of Oxford in 2011, First Light Fusion is looking at new was to utilise the power of inertial confinement fusion (ICF), a form of laser-focused fuel compression,  for the purposes of power generation. One of the major benefits of fusion is that unlike other forms of renewable energy like wind or solar, fusion can deliver energy in spite of weather conditions.

Thus far, First Light Fusion has secured £53m in equity funding and plans on upgrading its resources, hiring more staff and expediting its workflow. Anyone with an interest in energy and solar company stocks would do well to keep an eye on this one as it looks set to go places.

3. Propelair

Likely taking a page out of Bill Gates’ book, Propelair has developed a low-water flush toilet system for the business sector. It’s toilet system can be integrated into existing drains, thus making for low-cost installation and reducing the water usage in commercial buildings.

The company has secured equity financing to the tune of £16.5m and has global interests stretching as far as the Middle East and Australia.

4. SaveMoneyCutCarbon

Established back in 2012, SaveMoneyCutCarbon serves in a consulting capacity and acts as a singular conduit for all kinds of energy and water saving initiatives.  Catering to both households and companies, SaveMoneyCutCarbon provides consultancy services, analysis, advice and energy-saving product installations. The company also provides a slew of eco-friendly products for home use.

how to make your home energy efficient

To date, the company has raised £8m in equity funds. Throw in a pre-money valuation of £13.7m and a £3.65m deal with Barclays and you have a company with plans to grow locally and beyond.

5. Enertechnos

This energy efficient startup has developed a new type of electrical transmission cable that relies on capacitance technology to minimise the loss of energy. The end result is an electrical transport solution epitomised by the Captive Transfer System which lets energy travel from power plants to households and end consumers at a much more efficient rate than the archaic power-draining wires used in traditional power grids. This technology can also be integrated with other sustainable energy products like smart grids, electric vehicles and wind farms.

Equity funding to date totals £8.36m, pre-money valuation sits at £22.1m, and the company plans to expand commercial sales, its marketing team and its engineering.

Why Should Banks Implement Eco-Friendly Payment Solutions?

Banks play an important role in facilitating investment flows and financing economic activity. However, most banks do not think about the effect they have on the environment or society when making strategic decisions. Revenue is the main priority in the banking industry. However, many consumers are now asking for change. They want the banking industry to become more eco-friendly.

Banks who choose to favour more eco-friendly solutions can do their part in reducing the strain on the planet’s resources and better align with their customer’s expectations at the same time. One way banks in which can become more eco-friendly is by introducing more eco-friendly payment solutions. By introducing these solutions, banks will not only improve their bottom line, but they will also be embracing the environmental aspirations of their customers.

Here are some of the ways that banks can make their payment solutions more eco-friendly:

ecofriendly payment solutions for banks

1. Encourage Circular Thinking

For a long time now, businesses have followed the take, make, dispose-of paradigm, the ‘linear economy’, in which resources are seen as endless. In fact, evidence suggests that only 9% of 89 billion tons of materials are re-used or recycled.

Today, single-use plastic accounts for over 40% of the world’s plastic production. Thanks to this, plastic pollution is now one of the most serious environmental issues in the world. However, plastic still remains one of the main materials of the modern world and despite more and more people understanding the issues we face, plastic production is still on the increase.

With this in mind, we need to think of ways to overcome these issues, such as changing behaviours, business models and consumption models. Changes to plastic recycling and plastics will have a huge impact on taking care of the world around us by reducing oil consumption, saving landfill space, reducing emissions, and saving energy. Banks need to challenge the take, make, dispose linear model, and instead replace it with a reduce, reuse, recycle way of thinking.

circular economy

2. Introduce Greener Payment Solutions

If banks want to continue to thrive in this eco-conscious world, they need to consider offering their customers more eco-friendly payment solutions. A recent survey suggested that nearly 90% of consumers expected their banks to offer more eco-friendly cards. In fact, many of these consumers also stated that they would change banks if their bank wasn’t eco-conscious.

3. Have an All-Inclusive Eco-Friendly Approach

Customers have begun to demand that banks offer eco-friendly solutions in the payment value chain. Evidence suggests that 65% of customers expect banks to offer digital statements as an alternative to paper documents, and over 70% of consumers believe that banks should offer a recycling service for old, unused cards.

a paper free office

As a result of this, banks should consider making their payment cards out of more eco-friendly materials. However, this is not the only thing they need to do. They should also consider reducing their carbon footprint, recycling expired cards, replacing paper statements with digital alternatives, and introducing more eco-friendly packaging.

Green banking is no longer something to simply consider; it is something that needs to be done now. Banks that move from a linear to a circular economy are not only aligning with their customers’ expectations who decide whether a brand flourishes or withers, but they are also taking responsibility from an ethical perspective.

Check out Pay iO if you are looking for a trusted banking partner for your business.

Green Financing as a Tool for Sustainable Development

Climate change and environmental damage due to human activity is now an accepted fact. Thankfully, investors and financial organizations are finally recognizing the importance of changing our ways and investing in sustainable technologies. This type of green financing is allowing them to recognize the environmental and financial benefits of these new technologies.

Green SMEs

Today we’ll cover how green financing can be used to encourage sustainable development on the company and individual scale.

What is Green Financing?

Green financing at its most basic is the use of public money, personal loans, and micro-lending to support sustainability. The goal of green financing is to encourage change in favor of environmentally friendly actions.

It can be everything from large scale investment into tools to fight climate change all the way down to small personal online loans next day for consumers. This allows everyone to do their part to help promote sustainability.

Most green loans are tied to specific metrics. They can cover everything from large companies to the type of washing machine you purchase.

How Green Financing Works

Like any financial product there’s a huge range of green financing options. One of the most prominent examples is sustainability-focused venture capital firms.

These VC firms search for early-stage startups with a focus on the environment. They combine their financial goals together with their vision of what the planet should be.

By far the largest subset of their focus is on reducing our dependence on fossil fuels and fighting emissions. On the individual scale there’s lots of focus on lowering your carbon footprint.

Lots of loans are specifically put in place for people to buy green friendly products.

What Qualifies as Sustainable Projects

There are tons of early to middle stage startups with a sustainability focus. These are all key examples of large scale green financing.

Many of the projects are receiving the most funding focus on clean power and the use of renewables. Think electric vehicles, charging stations, battery enhancements, solar and wind energy, etc.

Another major sector is advancements in water purification, desalination, and ocean cleanup. These also include interesting projects like advanced agriculture and reducing the overall reliance on irrigation.

For individuals most green financing is related to their home or vehicle. There are lots of online loans same day available for things like energy efficient appliances or vehicles. These often combine with tax credits as a way to encourage people to reduce their overall energy consumption habits.

One of the biggest uses of green financing by individuals is to buy an electric or hybrid car. This reduces the often high price of these advanced vehicles and makes it more attractive to drive one.

Another big one is to finance green renovations to your home. If you want to improve your home’s insulation or add on a solar power system there’s ample funding available. These often combine with tax breaks and utility buyback programs to make it an even more attractive option.

Turnaround Time for Financing Decisions

With venture capital the around time for high-quality opportunities is often very rapid. If you have a great model for your business and can show a clear return potential they’ll often respond within just a few days.

For green financing other factors come into play. Most green venture capital funds have very specific requirements on what they’re looking for. Do your research before contacting them and make sure you represent what they’re looking for.

How much you should reasonably expect to receive depends on how far along in the process you are. Seed stage companies generally receive less than $1 million. Series A and Series B can receive more but still much less than more mature companies with proven revenue and a customer base.

For personal green loans the turnaround is often much faster. Many companies offer instant or at least same day approval for well qualified borrowers. This gives you the freedom to begin making your plans immediately after receiving funds.

Make Changes Today

The clock is running down on our ability to head off the effects of climate change. Green financing is one of the best ways to make changes in the world and your life. It funds the technology that may save humanity and allows individuals to make changes to their home and car to reduce their own carbon footprint.

Recommended Reading: The Rising Appeal of ESG Investments

ROI of Commercial Solar Panels for Business Owners

The way business owners think about solar panels has changed. Less than ten years ago, businesses were concerned about whether solar power would provide them with the energy they need. Now, that question is almost never asked, because it’s been answered. Two of the biggest companies in the world, Google and Walmart, have installed dozens of solar plants at their headquarters. Solar energy has been shown to work well for big business. Now florida llc want to know how solar panels can provide them with a strong ROI.

It’s said money doesn’t grow on trees, but in the case of solar panels, it does fall from the sky.

solar-panels-for-businesses

Commercial Solar Panels Decrease Energy Costs

Solar panels cut down on the amount of energy you pay for, because all day every day, you’re producing your own.

There is a common misconception that solar panels only work when the sun is blaring but this isn’t the case. Even on an average day in the depths of a British Winter, solar panels produce enough energy.

When you generate your own solar power, you only have to switch to the National Grid at night. With most small businesses using less power at night, this can offer huge savings.

More than that, small business owners protect themselves from losses due to energy price increases. As the cost of using the National Grid rises, solar panels save a small business owner more and more money.

Generate a Passive Income

Feed-in-tariffs (FIT) offer a big ROI for business owners who want to install solar panels. FIT is a government scheme which intends to encourage people to adopt low-carbon and renewable energy technologies, by paying them to do so.

Under FIT, every unit of energy your solar PV system generates is paid for whether you use that energy or not, and you’re paid for any energy your system produces that goes back into the national grid.

This allows small business owners to generate a passive income for twenty years, guaranteed by the UK government. As if it couldn’t get any better, all the money earned under FIT is completely tax free.

The Cost of Installation Has Decreased

Many small business owners were reluctant to switch to solar panels because of the high initial outlay. Since the launch of the FIT scheme, the cost of installation has decreased dramatically, which means business owners will see their solar panels generate returns faster now than at any other point.

There are plenty of subsidies available to those who are looking to install commercial solar panels, because the government wants renewable energy to work for individuals and businesses. This also means the return on investment for solar panel technologies is at a high.

Helping the Environment Helps Your Business

If businesses are looking for sustainable and long-term growth, thinking conscientiously about the environment is crucial. With global temperatures rising, the rising costs of food and energy are going to have a massive impact on how consumers spend their money.

Solar panels have low maintenance cost

Switching to sustainable energy now has a positive impact on the ecosystem, which protects the pockets of consumers of your products for years to come. Decreased outgoings for energy means greater savings, and a show of environmental care can increase your prestige in a crowded market.

The Return on Investment

The safest commercial solar panels for investment cost very little to maintain once they’re installed, and can last up to thirty years. The estimated savings for residential properties over a twenty-year period is around £9,000, and for commercial properties that figure extends even higher; a small business can look to save £16,000.

No planning permission is required for businesses to install solar panels, saving you time which can save you money. Low installation costs, a decrease in energy outgoings and the generation of a passive income means the ROI of solar panels is higher now than at any other point. Solar energy works wonders for your business and the planet.