Green Residual Income

March 16th, 2008 | stacey | Financial Freedom, Residual Income, Residual Income Opportunity

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Is green residual income referring to the color of money? Actually, the green initiative refers to the increasing awareness of the ecological concerns in the world and how we can make it a better place.

Currently a developer named Aaron Needham in Southern Utah is building zero energy houses. These efficient houses are intended to offset utility bills and ultimately give cash back to their owners over time. His efforts are sponsored by JP Morgan Chase Bank and General Electric.

Needham’s company, Needham Homes and Development, has build energy efficient homes in Cedar City for two years. An independent consultant reviewed his program and Needham says, “We now have documentation that will guarantee lower utility bills.”

According to Kevin Emerson of Utah Clean Energy, the Needham concept is “unique and innovative”. The cost to build the houses is $200,000 to $500,000 and Needham states, “Our homes are appreciating – not depreciating.” A reduced utility cost of up to 70 percent is another incentive.

So where does residual income come in with regard to green housing? A program will pay homeowners $500 annually to offset the carbon footprint of another company or person. Homeowners will save more money through tax credits from the feds or state. If the buyer uses sponsor JP Morgan Chase Bank, up to 9 percent of the sale price goes toward reduced down payment, lower interest rate and even up to six months off the first year of mortgage payments.

Abe Cubano from Consol research, states that Needham’s homes, “…produce something. They create a residual income.”

Going green means even more than showing your environmental concerns – it saves you money and even earns residual income.