When you are running a small-medium business and wish to scale its growth, saving money becomes a necessity.
However, with your company’s ongoing processes, several unpredictable costs may crop up. Result? Your chances of saving money may seem to diminish.
Thankfully, that’s not the end of the story. In many cases, a company’s energy usage can be a great contributor to its overall expenses.
In this article, we are discussing a few energy efficiency tips that can help your SMB save more money. So, let us see how this can be done.
1. Start with an Audit
An energy audit can play a significant role in identifying over usage of energy in any of your company’s processes.
Your area may have a number of electric companies offering a free energy audit. You can explore your options and get in touch with the one that seems to be the best fit for your company.
It’s recommended that you hire a local electric company to carry out the audit. Reaching out to the energy supplier may not be the best idea in this case.
2. Explore Different Energy Supplier Options
While doing business in some areas, you may have the option to explore different energy supplier options around you.
If your business or manufacturing unit is set up in such an area, you can research to find other energy suppliers with better pricing and the best customer service.
Apart from this, you can also consider green energy options like solar energy. The commercial solar panel installation for your office or factory will require a one-time investment and will help you save a great deal of money in the long run.
Also, solar power is healthier for the environment. Using this source of energy will send out a positive message about your brand, boosting its reputation.
3. Use Energy Efficient Equipment
Before you buy electronic equipment and appliances for your office, make sure you have read about their energy efficiency specifications.
Different models of these appliances may add differently to your business’ energy consumption.
While some of them are rated for higher efficiency, some may require more wattage to function. For the highest savings, you must choose the most energy-efficient products.
This will surely reduce your energy bill, helping you save greatly in the long run.
4. Get a Programmable Thermostat
Many companies don’t care much about their thermostat.
If you are using a thermostat that lacks specific programming features, you may be spending too much on your electricity bill.
A good programmable thermostat can be programmed to manage temperatures during different hours.
If different teams in your company work on different floors and/or at different hours, you may set up the thermostat to optimally cool down or warm up the temperatures based on a number of factors.
This will keep the energy from being wasted over areas that are vacant.
5. Turn Off Lights When Not In Use
Turning off the lights when not in use, is one of the simplest ways to save energy and money on your electricity bill.
It’s a practice that you must follow on your own and also encourage your employees for. It may also establish an environmentally healthy trend in your office, making all your teammates increasingly aware about energy efficiency.
Undoubtedly, there are myriads of methods for saving money that may or may not work for your SMB. However, optimizing your energy consumption based on your needs is crucial on monetary, environmental, and social fronts.
In this post, we discussed a few energy efficiency tips to help small-medium businesses save money on energy.