Being a business owner is no easy job. As a business owner, your main concern should be finding a way to cut costs and maximize profits. One of the biggest monthly costs a business has is its energy bill. Studies show that over 25 percent of the energy used in the United States is consumed by commercial buildings.
If you are tired of paying astronomical energy bills each month, now is the time to take action. The longer you wait to find a solution to this problem, the harder it will be to avoid financial problems. Luckily, there are a number of things a business owner can do to bring the overall cost of the energy bill down.
The following are some of the things to consider when trying to get cheaper business energy costs.
1. Make Sure You Are Getting the Best Deal
The first thing you need to do when trying to reduce monthly energy costs is to shop around. Most larger areas have a number of energy providers in place. This means you have options when it comes to what you pay for this necessary utility. If you want to check the rates of a number of different companies in your area, be sure to check out this website – EnergyBot.
While finding a better energy provider will be time-consuming, it is well worth the effort invested. With a bit of hard work, getting the most affordable commercial energy rate in your area will be easy.
2. Energy-Efficient Lighting Can Be Helpful
Using light fixtures is something most business owners do on a daily basis without much thought. If your business building is filled with older incandescent lightings, then you are probably wasting a lot of energy. Modern bulbs are built to be far more efficient, which is why using them is such a good idea.
For most business owners, using LED lights is something they view as a priority. Not only are these lights more efficient, but they can also burn brighter than traditional bulbs as well.
Going around and doing an energy audit in your commercial building is a great way to find out what lighting needs to be changed. By replacing all incandescent bulbs with new LED models, you can have a brighter and more efficient commercial building.
3. Control Your HVAC Thermostat
Most of the energy your commercial building uses is to power the HVAC unit. During the hotter months of the year, you will have to pay close attention to what your thermostat is set on. If the HVAC unit is running all day due to low thermostat settings, it can increase your energy costs substantially.
This is why you need to run your thermostat on about 76 to 78 degrees. By doing this, you can give the unit a break and reduce the amount of money you have to pay in energy each month. If you are having problems with employees messing with these settings, then putting a locked box over the thermostats is crucial. This will allow you to ensure the settings stay as you want them.
4. Get Familiar With Your Energy Contract
Do you have a contract with your existing energy provider? If so, you need to take out this contract and get familiar with the information in it. In some cases, these contracts will automatically renew and will lead to a business owner paying a higher rate.
Knowing when the existing contract ends will give you a chance to negotiate with the energy company to ensure you aren’t paying out of contract prices.
5. Involve the Whole Team
Some business owners think that making their building more energy efficient is a job they can perform alone. In reality, having success with this will require involvement from your whole team. Informing your employees about what your mission is can be beneficial. Telling team members what they can do to help reduce energy consumption can take a lot of stress off of your plate.
Saving Energy Takes Time
Avoid going into this process thinking you are going to see the fruits of your labor immediately. In reality, it will take a while before you start to notice any savings created by increased energy efficiency.