The United States Small Business Administration estimates that 40% of business expenses can be attributed to energy costs. As a business owner, you are concerned with your P&L and finding ways to reduce costs is a constant pursuit. Energy and utility costs are an expense item that can be reduced if you can implement some of these simple tips. Educating your employees on energy saving techniques, implementing the latest technologies, and making use of free services offered by your utility company are sure-fire ways to reduce your consumption of electricity, lower your costs and increase your bottom line.
1. Pay Attention To Your Equipment
All equipment such as computers, printers, lighting and other energy depleting devices should be Energy Star rated which means they have been deemed energy efficient. All eligible equipment should be set to sleep mode at the end of business hours or plugged into power strips and turned off completely with the switch of a button. Installing smart thermostats, which can be controlled through an app on your phone, and LED lighting
will substantially reduce costs. In areas less frequently used such as bathrooms, kitchens, and conference rooms consider installing motion sensors which provide light only when in use. Subscribing to a regular maintenance plan with your HVAC company will ensure peak performance in both the summer and winter months.
2. Educate Your Employees
Your employees can help tremendously in monitoring and reducing energy usage with the promotion of simple energy saving practices. Turning off all lighting when leaving a room or the building after work hours is a basic expectation. Letting in the warmth of the sun by opening window shades on sunny winter days is also an effective strategy to reduce electric consumption. Another useful suggestion is to assign one employee to lead the crusade to reduce energy costs by encouraging others to unplug cell phone chargers when not in use or unplug the communal coffee pot at the end of the day. These seemingly simple efforts pay off over the long haul.
3. Pay Less For Electricity
In an attempt to eliminate energy monopolies many states have deregulated their energy markets. If your business is located in a state where energy deregulation exists you have the opportunity to shop for an energy provider
who may be offering electric rates that are lower than your local utility. The process to switch suppliers is simple and the savings have the potential to be impressive.
4. Take a Peek at Your Peak Demand
Peak demand is the time when your business uses the most electricity. These spikes in electric usage influences the amount of money your utility charges you per kilowatt hour. To effectively level out your usage and thus lower the amount you are being charged you have several options. First, you can stagger start times for employees and stretch out work hours over a longer period of time. Also, scheduling the run time of demanding energy equipment to off hours will help. Many companies are electing to supplement the traditional electricity source with a generator thus controlling spikes
in usage off the electric grid.
5. Take Advantage of Free Energy Audits
Free audits are offered through your utility. A trained and licensed inspector will physically evaluate your business looking at energy leaks, inefficient lighting, insufficient equipment and suggesting ways to upgrade your business practices. They will compare your energy usage to other businesses in your area to determine the efficiency of your office building. Following the evaluation you will be given a report of your current status and recommendations for improving your energy costs. Some programs such as replacing old lightning with upgraded LED bulbs, or even entering into a demand response program to shave peak kW
, can be great ways to save!
The Bottom Line
There are a to of ways to lower your electric costs. These are a few great suggestions to get you started and moving toward increased profits and sound energy management. If you are serious about reducing energy costs in a more significant fashion and would like to speak to an expert energy advisor, contact us today.
Our team of energy professionals has over 100 years of combined experience helping commercial and industrial clients cut energy expenses.