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Everyone likes to save a few bucks. Whether it’s using that coupon code at checkout or catching that annual sale at your favorite retailer.
When it comes to your small business, your electricity bill is no different. Did you know that something as simple as the flicking of a switch can add up to big savings at the end of the year? Here are 6 easy tips for saving energy, courtesy of the U.S. Small Business Administration and the Energy Star Program, a joint venture of the Environmental Protection Agency and the Department of Energy.
We’ve heard the phrase “turn off the light behind you” as kids. And this still rings true today. Turn off lights in unoccupied areas and consider disconnecting lighting in unused portions of your business or areas that benefit from natural lighting. Use of automatic timers also helps avoid the unnecessary hassle of remembering to flip the switch.
Making the switch from incandescent bulbs to more energy-efficient options, like compact fluorescents or LEDs. The upfront cost of these bulbs is an investment due to their longevity and reduced energy usage. Consumer Reports estimates that an LED bulb typically lasts five time as long as its equivalent incandescent and uses about a sixth of the power.
Many people don’t realize that you can turn down your water heater. Turning it down to the lowest usable temperature is an easy adjustment to make. There are safety benefits to making this adjustment; no one needs scalding water to wash their hands!
This seems obvious but turn off office equipment and appliances you’re not using, and make sure to buy Energy Star-rated equipment to keep consumption at a minimum.
Make sure your HVAC systems get a thorough cleaning once a year. This will not only save your sinuses, but it will also keep your system operating at peak efficiency Use a dynamic control to keep temperature comfortable during work hours, and then adjust as necessary when the building is unoccupied.
If you have a physical location, playing to that location’s advantages can make all the difference. For example, if one side of your building gets brilliant afternoon sun from the windows, forcing you to crank up the air conditioner, keep the shades drawn. If your winters are particularly brutal, make sure you’ve got the best insulation you can afford.
While we’re still in the midst of summer, now is a great time to put these 6 tips into action and start cutting costs on your monthly electricity bill. Energy Star estimates that in 2016, Americans saved $30 billion in energy costs. Make sure you’re getting your share of the savings this year.
Energy is a complex and ever-changing commodity. There are economic, political, and regulatory factors can drive prices up or down. Here are the primary factors that impact electricity prices:
If you live in a state with a deregulated gas market, like electricity you can choose the energy supplier and rate that is best for your business. When selecting the best option for your natural gas needs, here are a few things to keep in mind: