Operating a business is expensive, but there are many ways to cut costs. One of the easiest ways to save money is to lower your electric bill. Your business probably uses more energy than it needs to, but you can make some simple changes to reduce your expenses. Here are five ways your business can save money on electricity:
1. Switch to a new energy supplier
One of the best ways to lower your electric bill is to compare business energy rates among different providers in your area. Energy contracts for businesses usually last for at least one year, so you may have to wait for the end of your contract or pay a fee to break it. However, even with the cost of breaking your contract, switching to a cheaper provider may save you money.
You can compare business electric rates online to find the best option. Many websites offer instant rate comparison tools, so you can see if your energy provider is overcharging you.
If you don’t want to switch suppliers, you can still use an instant rate comparison tool to negotiate with your current electric company. They may offer you a lower rate when you tell them that you’re considering switching to a competitor that offers lower costs.
According to PUCO over 70% of Ohioan businesses switched to CRES (Competitive Retail Electric Service Provider), for example. Businesses Massachusetts show similar switch rates, with over 90% of large usage Industrial clients using competitive supply services. If the largest businesses find it beneficial to switch, you should consider it too.
2. Use of cloud computing.
If you use cloud computing, you don’t need to keep your own computer servers. Making the switch to cloud computing can save a significant amount of energy each month, and it can also reduce your IT costs. Cloud computing allows more employees to telecommute, too, and having fewer employees in the office will lower your electric bill.
3. Upgrade your equipment.
Outdated printers, copiers, refrigerators, and other appliances will quickly run up your energy bill. It might be an expensive one-time cost to upgrade to energy-efficient equipment, but you’ll save money on electricity over time. Look for appliances with the Energy Star logo, which indicates that the machine runs efficiently and powers down when inactive.
4. Use motion detectors
Lighting accounts for a large percentage of the electric costs in most commercial buildings. It’s a waste of electricity to keep the lights on when no one is around, so installing motion detectors is a great way to lower your energy costs. This is especially helpful for hallways, meeting rooms, and other areas that aren’t always occupied by employees.
Automatic dimmers are a good investment, too. When your office gets lots of natural light through the windows, the dimmers will adjust your overhead lights, so you won’t waste money on unnecessary lighting.
5.Install programmable thermostats
With a programmable thermostat, you can automatically adjust your office’s temperature. This allows you to save heating costs on weekends, evenings, holidays, and other times your office is empty. You can program the heat or AC to turn on 30 to 60 minutes before you and your employees arrive and to turn off when everyone leaves.
When trying to reduce your business expenses, you may not think much about your utilities. Cutting back on electricity is an easy way to save money, though. You don’t have to work in the dark or turn your office’s AC unit off to save money on electricity. With these changes, you can drastically lower your electric bill without affecting your work environment.