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The fall and winter usher in colder weather and higher energy costs for your business. The seasonal shift is a perfect time to explore ways to save money on your energy costs. An energy audit (or energy assessment) is a great way to shed light on how much energy your business uses each day, and more importantly, help you can pinpoint areas to improve your energy efficiency.
According to Energy.gov, an energy audit can help you save 5-30% on your electricity bill. Depending on where you live, state or local government or even electric utility companies can recommend or conduct energy assessments. If you don’t want to invest in a professional assessment, you can conduct your own energy assessment with a few helpful tips.
According to Energy.gov, heating and cooling make up about 48% of energy usage, making it the largest energy expense for homes and businesses. Having your heating and cooling equipment cleaned and reviewed on an annual basis can ensure optimal performance. Also, if your equipment is more than 15 years old, it may be time to replace it as new models are more energy efficient and significantly cheaper to run.
This is probably one of the easiest changes you can make. About 10% of your energy bill comes from lighting according to Energy.gov. Replacing your current light bulbs with more efficient options such as energy-saving incandescents, compact fluorescents lamps (CFLs), or light-emitting diodes (LEDs) can make a significant difference.
Old or faulty insulation can result in higher energy costs, especially during the winter months. Check for indoor air leaks such as gaps along the flooring, baseboards, walls, and ceiling. Caulk any holes or openings, especially in pipes or electrical outlets. Lastly, checks for cracks or holes in the foundation, windows, or doors and seal with the proper material.
Review your most recent electricity bill, specifically your current rate and contract expiration date. Renewing with your current provider can often result in being locked into a long-term plan at a higher energy rate. Comparing and shopping for a better rate is an immediate way to save money on your electricity bill. EnergyBot makes it easy to shop for a new plan with transparent and straightforward rates.
Energy audits don’t have to be expensive or time-consuming. If done effectively not only can your business lower its energy consumption, but it can also help reduce your carbon footprint. That’s a win for both your business and the environment.
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: