Updated: Oct 21, 2019
As a small business owner, you know that cutting your operational costs down can result in a substantial difference to your profit margins. And one of your biggest expenses may be your energy bill. Is there a way that you can reduce your consumption without compromising on the quality of your products or the experience of your customers?
In this post I'm going to talk about some low cost measures that you can take very quickly and pretty much on your own, plus they they don't require the need of any expensive technology either. In fact, by tracking the change in your energy readings, you will also be able to reduce your costs as well as your business's carbon footprint.
And I promise I won't mention any solar panels!
1. Plug those leaks
Heat loss is one of the major reasons why we turn up the heating and these 'leaks' typically come from from windows, doors, fireplaces, the loft or any part of your workspace with entrance and exit points. Simply walk around your your office or workspace and get a sense of where you can feel a cool draft coming from. Once you have identified the source of the leak, you can plug the leak by using something like a weather stripping foam tape around the perimeter of a window or a hatch, or squirting foam to fill up the gap. Fixing excluder strips on the bottom of your doors are also extremely effective.
The Energy Savings Trust, a not-for-profit government sponsored organisation, has lots of extremely useful information for business owners and tenants to help them save energy. One of the most cost effective ways to prevent heat loss is to insulate the roof and /or loft, and this won't just help you in reducing your energy bills but also increase the value of your property.
3. Check your appliances
It doesn't matter what appliance you're using - kettle, washing machine, computer monitor, when it's time to replace the old one, make sure you consider the most energy efficient option for your next purchase. These days A+++ rated appliance is the norm and are not necessarily more expensive than their less energy efficient counterparts.
In fact, you may even be eligible to get tax breaks in case you buy equipment that is on the energy efficiency or water efficiency technology product list.
4. Light Bulbs
You can switch your light bulbs to LED ones pretty much right away and yes they are more expensive, but you will recover that cost in a matter of months. The guide from Simply Led is a good place to get all the information you need on fitting, intensity and hue you may be looking for.
5. Make the Switch
One of the easiest and painless ways to save money and reduce your business's carbon footprint is to switch energy suppliers. Octopus Energy, is a 100% renewable energy provider, where all the the energy comes from the wind, sun and water. You could not only get to save more money for a fixed year-long contract but the company can also offset your carbon footprint. Couldn't ask for more!
There are so many more steps you can take from upgrading to energy-efficient boilers to installing smart energy meters to getting a professional energy specialist come and audit your business's energy consumption. But if you're short of time and want to see some concrete results, then these 5 steps will make the biggest difference to your bottom line and do your bit for the environment.
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