One of the best ways for businesses to reduce costs is by lowering their monthly energy bill. According to the EPA, about 30 percent of the energy used in buildings is unnecessary.
For most businesses, electricity and natural gas are their biggest expenses. But these are also crucial for the business to operate so these costs can’t really be avoided.
But regardless of office size or location, there are steps you can take to save money on energy.
4 Ways to Save on Your Energy Bill
Here are four ways businesses can begin cutting down their monthly energy bill:
1. Improve insulation and seals
Most people know they need to insulate their homes but many don’t have this same sense of urgency when it comes to their business. Ensuring proper insulation and seals, especially around the windows, can go a long way toward lowering your energy bill.
2. Use energy-efficient equipment
Whenever possible, try to upgrade to more energy-efficient office equipment. This includes things like printers, HVAC systems, refrigerators, and more. If all of that isn’t in the budget, even updating your lighting fixtures could be a big improvement.
And make sure you unplug electronics that aren’t be used. Printers and computers continue to consume energy even when they aren’t being used.
3. Use a smart thermostat
Smart thermostats are changing the way people use energy. They have features that analyze your usage and can detect when people are in the building. This takes the hassle out of you constantly needing to adjust the thermostat.
Most have an app so you can monitor and even adjust the temperature right from your phone. And they’re easy to use so you don’t have to be particularly tech-savvy to operate it.
Smart thermostats are considered energy-saving equipment so you may be eligible for a rebate or savings when you purchase one.
4. Work with an energy broker
If you live in a deregulated market, you should consider working with an energy broker. Energy brokers sell energy products to the customer and serve as an intermediary between the supplier and the customer.
A broker will have unique insights into the energy market and can help businesses minimize their daily operating costs.
And most importantly, your broker will have a vested interest in your business goals and will negotiate with the supplier on your behalf to help you get the best deal. They’ll oversee the contract process and continue to look for future opportunities to save you money.
By incorporating some of these changes, you can improve the short-term and long-term savings for your business. If you think you already do a pretty good job of saving on energy expenses, there are likely a few more improvements you could make.
If you are interested in learning more about working with an energy broker, BOX can you help find the right fit. We have the largest and most experienced network of brokers in the country.
We can help you find a broker who understands your industry and will help you get the best energy rates possible. Lowering your monthly energy bill doesn’t have to be difficult. Get in touch to learn how we can help your business start saving more today.