Saving Money Through Efficiency
Energy efficiency won’t just help save the environment – it can also aid your business.
Not only can it help change any wasteful attitudes of employees but it can also have tangible benefits on the profit margin of your company.
And it has never been more important to save money. The last few years of economic uncertainty has left countless businesses in Britain and around the world struggling to survive – but the evidence is there that energy efficiency can help achieve this. For example, Volvo’s New River Valley Plant in Virginia, the world’s largest truck manufacturer, invested around £550,000 in saving energy prior to the recession and has now saved £1.31 million on their bills and avoided having to fire any staff.
Whether you are adopting an nPower business plan to reduce costs or are simply looking to do your bit for the environment, read on to find out why investing in energy efficiency is the right choice for your company.
No longer hostage to price rises
Like death and taxes, increases in energy prices are all but guaranteed in the future. However by improving your efficiency and thereby reducing your usage, you will help mitigate the damage of price hikes further down the line.
Eco-market is booming
A company can’t buy the kind of positive publicity green policies can drum up for your business. Taking action to reduce your carbon footprint will not only make your company appear socially responsible but could also attract investment from previously untapped markets.
Additionally, investing in energy efficiency can set you apart from the pack and help foster a sense of economy amongst your workforce.
Safe as houses
Investing in energy efficiency is one of the few times in life when you know roughly what benefits your money will generate for you. Unlike turbulent stock markets or frugal bank accounts, saving money through more effective energy use is simple maths. If you use less energy at the same rate then ultimately you will lower your monthly costs – a winning situation in anyone’s books.
More profits, more investments
Improved energy efficiency can help reduce the weight power costs can have on your company’s finances, ultimately allowing you to invest in growing your business rather than only paying your existing bills. This will not only help your competitiveness but could allow you to further invest in green technology, creating a self-fulfilling reduction in energy costs.
Incentivised
Replacing office equipment can drain valuable resources. Investing in more energy efficient technology, even if it is initially more expensive, will usually be worth it in the long term. Green technology is improving every year, with the Energy Star rating system (http://www.energystar.gov/) the simplest way to find the best equipment for you. Finally, energy efficient equipment is often more durable than existing office items, thereby helping to reduce maintenance and future purchase costs.
What have you done to make your business more energy efficient?
Mikael Johansen is a blogger and freelance writer working with a variety of brands. This post has been written for an energy supplier npower.
