If energy costs are a big chunk of change for your small business every month, it’s time to do something about it. According to ENERGY STAR®, small businesses spend more than $60 billion on energy every year, but making changes toward energy-efficiency changes could reduce a business’s utility bills 10-30%.
First, make sure you’re dealing with an electricity company that understands your business needs. Low electricity rates are important, but also look for companies who offer business energy solutions to help you reduce electricity consumption at the source and further cut costs. Texas’ deregulated electricity market means you have the power to comparison shop and find the best company – and the best deal – for your needs.
Next, conduct an energy audit of your workplace. The audit will help you identify both areas where you may be wasting electricity and ones where you might be able to improve efficiency. Your electricity company should be able to assist you in conducting an energy audit for your small business.
With your audit in hand, look for investments that you can make in your building, office equipment and staff that will help your business use less energy.
For example, use sensors to automatically turn off lights in unused meeting spaces. Swap out high-demand incandescent light bulbs with low-cost, electricity-sipping compact fluorescent light (CFLs) bulbs or light-emitting diodes (LEDs). Replace older, less efficient appliances, office equipment and machinery with ones that are ENERGY STAR® qualified.
Reducing energy costs is good business on a number of levels: it’s better for your budget, better for business and better for the environment.