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8 Strategies for Reducing Energy Costs in your Small Business

Apr 18, 2023

The energy market is unpredictable and energy pricing is outside of your control. However, we want you to know there are several different strategies to reduce your energy bills. Not all of them will be effective for your particular business, but some may be worth a try to see what difference they can make.

Conduct an energy audit

Before you start making any changes to your business’s energy usage, you need to understand how and where you’re using energy. An energy audit is a great way to determine which areas of your business are using the most energy and where you can make changes to reduce your energy consumption. There are several ways to conduct an energy audit, including hiring a professional energy auditor, using an online energy audit tool, or conducting a self-audit. You could also contact us as we can help you through our energy management service

Use energy-efficient lighting

One of the most significant energy expenses for small businesses is lighting. By switching to energy-efficient lighting options like LED bulbs, you can reduce your energy consumption and lower your monthly bill. While energy-efficient lighting may have a higher upfront cost, the long-term savings can make it worth the investment.

Turn off equipment when not in use

Leaving equipment on when it’s not in use is a common source of energy waste in many small businesses. Make sure your employees know to turn off equipment like computers, printers, and other electronics when they’re not in use. You can also use power strips to make it easy to turn off multiple devices at once.

Upgrade your equipment

Older equipment is often less energy-efficient than newer models. Consider upgrading to newer, more energy-efficient models when it’s time to replace equipment like refrigerators, HVAC systems, and other appliances. Again, while the upfront cost may be higher, the long-term savings can be significant.

Improve insulation

Have you looked at what your insulation is like on your business premises?  It could be poorly insulated and this can be a major source of energy waste. By improving your insulation, you can reduce your heating and cooling costs and save money on your energy bills. You can hire a professional insulation contractor to assess your insulation needs and recommend the best approach for your business.

Use natural lighting

If your business has windows or skylights, take advantage of them by using natural lighting instead of artificial lighting. Not only will this reduce your energy consumption, but it can also create a more pleasant work environment for your employees.

Consider renewable energy

Renewable energy sources like solar, wind, and geothermal can be a great way to reduce your energy costs and decrease your carbon footprint. While the upfront cost of installing renewable energy systems can be high, there are often government incentives and tax breaks available to help offset the cost. You may have started thinking about your carbon footprint but aren’t sure where to start. Our helpful team can also look at this for you as well as help you form a plan of action in the long term

Implement a company-wide energy-saving policy

Encourage your employees to save energy by implementing a company-wide energy-saving policy. This policy can include guidelines for turning off equipment when not in use, using natural lighting, and other energy-saving practices. By making energy conservation a part of your company culture, you can reduce your energy consumption and save money on your energy bills.

In conclusion, there are several ways that, as a small business owner, you reduce your energy costs. The ones covered above are all effective strategies for reducing energy consumption and saving money on your energy bills. By taking these steps, you can not only save money but also reduce your environmental impact and create a more sustainable business.