How To Cut Energy Costs
As a business, there are many steps you can take to reduce your energy bill. According to Energy Star, small businesses that strategically invest in energy solutions can cut their utility costs by 10% to 30% without sacrificing quality, service, comfort, or the style of their business. While a reduced energy bill is nice for companies of all sizes, this makes reducing energy use even more important to small businesses because of their limited operating budgets.
The Need for Reduced Energy Consumption
Businesses need to cut their energy consumption for a variety of reasons. First, it’s good for the environment. Reducing your business’s energy use can help cut down on greenhouse gas emissions and other environmental pollutants and with so many consumers flocking to sustainable and ethical companies, it can also give you a boost in the marketplace. This means that you can reduce energy use while also meeting and often exceeding customers’ expectations.
Many businesses are finding that sustainability is becoming one of the most important factors in their overall operations. And as energy prices continue to rise, businesses that reduce their energy use will be better positioned to weather the storm. Energy-intensive companies are feeling the pinch as the price of natural gas and coal continues to rise. To stay competitive, these businesses need to find ways to cut their energy costs such as by using more efficient equipment and making operations more sustainable. The first step is to understand your energy use. You can do this by analyzing your past bills and looking for patterns. Once you understand your energy use, you can start to look for ways to reduce energy costs and improve the efficiency of operations.
Optimizing your Business
By assessing your business's use of electricity and natural gas, you can cut costs and increase your bottom line. Many businesses don't realize how much they spend on energy or that it is one of their largest controllable expenses. Items such as lightbulbs, office equipment, and heating/cooling can be quickly and easily upgraded to more efficient models that use less power. In many cases, simply making operational changes like turning off lights and equipment when not in use can lead to big energy savings.
Companies can further reduce energy bills by installing a smart meter in their business. A smart meter can help you track your energy use in real-time, so you can see how much energy you’re using and where you can cut back. Smart meters can also help you save money by identifying opportunities for peak shaving, which is when you use less energy during times of peak demand. For example, businesses can often save money by shifting their energy use for things such as air conditioning and lighting to off-peak hours by turning them down or off during the daytime to cut energy costs. Another way to reduce your energy bill is to upgrade your equipment. If your business has old or outdated equipment, it may be using more energy than necessary. Upgrading to newer and more efficient equipment can help cut down on your energy use and save you money in the long run. Several newer pieces of equipment feature things such as the energy saver mode, which can help cut down on energy use and improve your operation with little changes.
You can also reduce energy use by making changes to your operations. For example, turning off lights when they’re not needed or setting the thermostat a few degrees higher in the summer can help cut down on your energy use. And if your business operates primarily online, consider using a virtual assistant instead of an office worker – this can help reduce your overall energy consumption by eliminating the need for things like office space, equipment, and lighting. There are also many outside-the-box solutions that can help reduce your energy bill. For example, installing solar panels or wind turbines can help cut down on your reliance on traditional forms of electricity. According to an Energy Sage report, commercial businesses reduced their monthly power bills by 89% after installing solar panels. And if you’re looking for an even more sustainable option, consider investing in a green power purchase agreement (PPA). With a PPA, you can buy renewable energy from a supplier at a fixed rate for a set period of time – typically 10 to 20 years. This can help insulate your business from energy price fluctuations and provide a long-term source of renewable energy.
Making the switch to a more sustainable and efficient business doesn’t have to be difficult or expensive. There are many simple changes you can make that can have a big impact on your energy bill. And by taking steps to cut energy costs, you can not only save money but also help reduce your business’s impact on the environment. With businesses shifting to a more sustainable and efficient mindset, now is the perfect time to cut down on your energy use and improve your business's operations.