Honeywell announced it has developed a selection tool that quickly provides customers with the data to make informed buying decisions. Unveiled at the annual Honeywell Users Group for Buildings conference, the Renewable Energy Scorecard analyzes the variables for any given location to pinpoint the technology with the most significant environmental and economic drivers.

“Popular technology such as wind or solar power are often the default options for renewable energy, yet in some case they offer little if any economical return,” said Devin Castleton, Energy Group consulting analyst at Frost & Sullivan. “The Honeywell Scorecard is a unique tool that can help lead organizations directly to the technologies that offer the strongest economic drivers right away, providing an optimum advantage for organizations who are not only motivated by environmental stewardship but also by economic value.”

The tool looks at six proven renewable technologies, including solar, wind, biomass and geothermal. And it provides a simple payback for each. So it not only highlights the renewable resource with the greatest potential, but also provides an accurate financial forecast derived from calculating tax implications, rebates, subsidies and other incentives.

The Renewable Energy Scorecard is the output of a sophisticated energy profiling model built on a database that contains extensive information on each of the factors that influence the viability of the various technologies. This database provides Honeywell and its customers with an accurate vision and analysis of renewable energy at any location in North America.

“The Renewable Energy Scorecard is a data-driven solution to a complex issue,” said Kent Anson, vice president of global energy for Honeywell Building Solutions. “It’s important that environmental stewardship makes good business sense too. The Scorecard takes the guesswork out of the equation.”

The Renewable Energy Scorecard is part of an ongoing effort at Honeywell to help its customers maximize the use of renewable technologies and cut energy costs. Over the past three years, for example, Honeywell has helped a variety of customers - from colleges and hospitals to cities and the federal government - install biomass thermal and solar photovoltaic technology.

These projects are expected to reduce annual carbon emissions by 21 million pounds and nitrous oxide emissions by 187,000 pounds. According to figures from the U.S. Environmental Protection Agency, this is equivalent to removing more than 6,500 cars from the road or planting 8,100 acres of trees. The switch to a renewable energy source also is expected to help these customers trim millions from their utility bills.

For more information, visit www.honeywell.com/buildingsolutions.