Springtime is the perfect time to start monitoring your business’s energy use and make adjustments to help both the planet and your bottom line. Not only is energy efficiency environmentally responsible, but it can also save you money, which you can put back into your business. Consider the following tips to help improve your business’ energy efficiency:
1. Conduct an energy audit. An energy audit identifies where your business is wasting energy. It can assess your energy use, identify inefficiencies, and help you develop a plan to address them. You can use online tools and resources to conduct an energy audit yourself, or you can hire a professional energy auditor. No-cost energy assessments might be an option for your business as well.
2. Take advantage of energy saving programs. Many electric companies offer energy-saving programs for commercial accounts. For example, Rhode Island Energy offers solutions for both small businesses and larger entities, and Mass Save offers programs and incentives for businesses as well.
3. Upgrade to energy-efficient equipment. While the initial cost of upgrading to energy-efficient equipment might seem high, it can help you save money in the long run. You may also qualify for tax incentives, helping to cut costs. Some banks, such as BankFive, offer business loans to finance energy-efficient upgrades as well.
4. Add insulation and sealing. Sealing and insulation can stop heat from escaping your business during the winter and creeping in during the summer. By better controlling air leaks, your HVAC system won’t have to work as hard. Seal gaps around your doors, ductwork, and windows. Add insulation to attics, floors, and ceilings. If your commercial building has old insulation, consider replacing it. You might also consider investing in energy-efficient doors and windows.
5. Implement smart-energy systems. Upgrading to programmable thermostats, lighting controls and occupancy sensors can help you minimize your business’s energy usage. You won’t have to remember to set the temperature, or worry about customers leaving the light on in the bathroom.
6. Invest in renewable energy. If possible, consider an investment in renewable energy, such as solar or geothermal power. While it isn’t feasible for every business, renewable energy can be a great way to showcase your company’s commitment to the Earth while helping to cut utility costs. Commercial solar loans may be available to help you finance a solar installation, and there are many business tax incentives available as well.
7. Be mindful of everyday energy usage. Remember that small changes can add up to big energy savings over time. Equip your staff with best practices for smart energy use. Turn off lights when you leave a room and power down appliances, computers, and other business equipment when not in use.
Running an energy efficient business can be important to your customers, and it can also help you save money. If you are a business owner in MA or RI interested in energy upgrades, schedule a consultation with our dedicated business team or take a look at our business energy loan options.