WellesleyWeston Magazine

FALL 2015

Launched in 2005, WellesleyWeston Magazine is a quarterly publication tailored to Wellesley and Weston residents and edited to enrich the experience of living in two of Massachusetts' most desirable communities.

Issue link: http://wellesleywestonmagazine.epubxp.com/i/553574

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Page 80 of 227

rently participate, the fourth highest rate in the country. Korpi, a solar energy advocate, advises, "Not all homes are 'solar suitable' but if your home is, solar could be a good investment." She elaborates on the value of harnessing the sun's energy, "Payback is often five to eight years on a system that will last at least 20 to 25 years. Usually the least expensive way to finance solar is through a home equity loan, but many of the larger solar companies offer financing packages. Since pricing is quite vari- able, it is advisable to get quotes from several reputable companies. Lease deals are not legal in Wellesley." Earn Returns on Sustainable Investments As you embrace a sustainable lifestyle, think about Socially Responsible Investing (SRI) methods and Environmental, Social & Governance (ESG) factors. Dan Flannery, founder of Balanced Rock Investment Advisors — a sponsor of the Wellesley Farmers' Market — points to a 2012 study by Deutsche Bank Climate Advisors that explains the financial benefits of sustainable investing, "100 percent of the academic studies agree that companies with high ratings for CSR and ESG factors have a lower cost of capital in terms of debt (loans and bonds) and equity. In effect, the market realizes that these com- panies are lower risk than other companies and rewards them accordingly. And most 79 f a l l 2 0 1 5 | W e l l e s l e y W e s t o n M a g a z i n e

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