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Going green in your house is expensive


  
In this post, I am having a bit of a go at the costs of material and devices that I would label as “eco” – things that are environmentally friendly and sustainable. I try too to give an answer.

Have you ever noticed how some Eco items cost more than, shall we call them traditional items? For example, eco building materials like some insulations are much more costly than the traditional materials. Or more efficient appliances such as heating boilers cost more. What bugs me a little is, if our goal to is to reduce energy consumption, reduce CO2 or live more sustainably, then why are many things that could helps us so costly?

Two reasons come to mind as a management accountant. First, there may have been some capital costs incurred by manufacturers to  produce newer and more sustainable products, which are included in the price. These costs may decrease over time as economies of scale creep in. A second reason is that although the costs may be higher, there may be savings to take into account. For example, an certain insulation maybe be twice the cost, but it can seriously reduce your heating bills over the several decades.

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About martinjquinn

I am an accounting academic, accountant and author based near Dublin, Ireland.

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