Helping clients understand the potential for saving money by investing in alternative energy projects has the potential to get you on that “greatest lawyer” list—if you know where to look for the savings. Remember, alternative energy options are not just restricted to rooftop solar or a wind turbine.
Even today, with U.S. energy prices at relatively low levels, alternative energy projects offer many economic and environmental benefits, particularly over the medium and longer term. Some environmental benefits, such as reduction in greenhouse gas emissions from fossil fuels and air pollutants, are well known. However, practitioners should be aware of other, less conventional benefits. For example, alternative energy systems may be configured to operate independent of the electric grid, offering increased reliability in the case of outages. Increased reliability could translate to business survival during the next Hurricane Sandy.
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