Comparative cost-benefit analysis of renewable energy resource trade offs for military installations

Abstract

The purpose of this research is to analyze the framework the Department of Defense (DoD) is undertaking with renewable energy and energy efficiency initiatives across military installations to determine the potential savings the United States Marine Corps (USMC) and DoD could realize by managing investments in renewable energy in all installations as a portfolio of opportunities, maximizing benefits and sustainability. In addition, this study evaluates renewable energy resource technologies that have long-term the best economic stability and least challenges for future growth on military installations. It also describes how the challenges of human behavior, budget cuts, financing approaches and regulations may play a big part in harnessing the optimal benefit from renewable energy resources. This study analyzes how comprehensive knowledge management in combination with renewable energy efforts across installations can capitalize DoD cost savings for long-term stability. This research recommends DoD take a comprehensive strategy approach through risk management analysis, information sharing, and better business practices.