05/01/2017

Electricity Saving Tips for Small Businesses

These days, electricity costs can be astronomical in what concerns both small and middle size businesses. Surprisingly, these costs can be some of the easiest to trim, saving your business thousands in the long run. While the exact techniques for saving electricity costs can differ based on your type of business or location, there are many basic tips to consider.

Firstly, try to figure out where are located most of energy leaks. Many energy companies provide this information on the bill and it can be useful in diagnosing troublesome areas. Perhaps some equipment is left on overnight sucking energy, which could be saved by powering it down when not in use.

Another method to consider is the switching of basic appliances to energy efficient models. Computers, printers and even light bulbs are all available in energy-saving models which can cut electricity costs by 20% or more. If the exact model your business sues is not to be found in an energy efficient model, things might change soon. More and more companies are turning to greener products. Look for government ratings on the packaging to indicate especially efficient products. Some of these products come with rebates or tax reductions which can help to offset purchasing or electricity costs. And remember to turn off nonessential items when not in use.

Renewable Energy Options

You should also do an electricity price comparison between the month before energy savings and after. If you still want more results, you can use more complex options such as the instillation of renewable energy sources like solar panels or more efficient building materials. The energy savings here can be even greater, though there is a large upfront cost. However, this can be offset in many ways. For example, excess electricity generated can be sold back to some energy providers. Furthermore, state and federal agencies offer rebates or tax cuts to businesses that switch to cleaner energy. Solar panels are becoming more and more efficient as technology progresses; they are an entirely viable option for any business. If the building is not owned by your business, solar panels might still be an option, as the majority of landlords would be happy to reduce energy costs too. Another renewable option is the use of recycled or more efficient building materials. These include better installation which can reduce heating and cooling costs and lower electricity bills.

There are many ways to cut down on one of the biggest costs in any business. From buying energy efficient materials and products, to turning to renewable energy it’s fairly easy to waste less and save more. In the long run renewable energy sources will save your business money; it is best to invest now and to collect the rewards later.

Image credit: Caveman Chuck Coker via Flickr Commercial License