5 Ways Your Business Can Benefit from Energy Managing
In 2019, more than 5,000 buildings earned an ENERGY STAR rating and cut their energy costs by 35%. While the environmental impact of energy efficiency is obvious, you may not know the economic benefits of energy managing.
The pandemic and subsequent shutdowns have stretched budgets thin, so you need to find creative ways to roll back costs for your business. If your expenses are piling up, then you may want to consider the potential savings of energy-efficient practices.
In a time where climate change and saving money are on the minds of many Americans, it pays to keep up with the latest trends.
Are you ready to give your business the edge it needs to thrive in an ever-changing landscape? Read on to learn about the benefits of energy management and how you can generate revenue with green-friendly policies.
So what is energy management exactly? Energy management refers to the process of reducing the amount of energy a building uses. Ways to achieve this include using efficient materials and monitoring your company's procedures.
While this may sound like a time-consuming task to undertake, there are plenty of reasons and rewards to cut back on energy usage.
So if you find yourself saying, "I need more concrete ways for how my business can manage energy," we've got you covered. Here are a few energy management benefits that can elevate your business to new economic and social heights.
1. Cut Back on Costs
There's no doubt that an energy management plan can leave you with leaner bills. Think of all the little ways your building wastes energy.
24/7 lights drain your energy budget while cracked-open windows leave your heating and cooling ineffective. These problems reveal just how easy it is to effect energy-efficient and cost-saving solutions.
You can replace old equipment with energy-conserving versions, including ENERGY STAR appliances. Sealing your building and executing other updates will also help your office retain its energy resources.
With a smaller energy budget, you'll free up your company to dedicate more finances to other projects and goals. It really does pay to go green.
2. Take Advantage of Incentives
There are various reserves you can tap to give your business the support it needs to make your office energy-efficient.
The federal government has established tax incentives to encourage energy-efficient solutions. As of now, current tax credits will extend all the way into December of 2021. This gives you plenty of time to begin planning an energy management strategy.
And if you're looking for extra funding, there are local energy efficiency programs across the nation. Check your local area to see what resources are available. You'll be surprised to find extensive networks dedicated to helping you reduce your energy.
The act of learning how to save money on energy can actually earn you more funding. How can a business pass up a deal as good as this?
3. Raise Your Market Value
An energy-efficient building is a productive building, and people will take notice of this. Everyone is looking to cut down on costs and worry less about building maintenance. So if you learn how to use less energy, your office could become a hot commodity.
With an up-to-date workplace, you may want to consider leasing out space and opening your building to rental periods. Because of the high demand, you can expect to receive a line of offers. This also allows you to refrain from lowering the price too much.
You don't want to miss this opportunity for supplying your company with another source of income. But you also don't want to rush the process, especially if you don't have experience navigating the larger energy market.
Partner with a knowledgeable team to help you develop a strategy and inform your decisions. A smart marketing plan is crucial, so you'll need expert advice along the way.
4. Reward Your Employees
Believe it or not, the act of learning how to use less energy can reward your employees with numerous health benefits.
Proper lighting, updated insulation, and fixed AC/heating all contribute to a pleasing environment. You don't want your employees shivering in the cold or frustrated by flickering overhead lights.
And if you time your lights to go off in the evening, you can encourage your employees to go home. This way, employees can maintain a healthy work-life balance and come in to work more refreshed.
Plus, you can take some of the money you've saved from energy efficiency and pad your employees' benefits. With less building maintenance, you can invest your finances in the resources that matter most to your company's success.
So don't underestimate energy management's influence on your workforce. Happy employees are more productive employees, which leads to a more efficient business.
5. Boost Your Brand
Because of the goodwill, you can create with a green-friendly workplace, word will start to get around.
Investing time and energy in the space your employees work in will encourage your workforce to leave good reviews. There's nothing more valuable to a job-searcher than an inside scoop. You want your employees to have nothing but good things to say.
After all, people want to work in a safe environment for a company that cares about them. Learn how to manage energy, and you can create a space that attracts top talent in the industry.
Conserving energy in itself is seen as a progressive, cutting-edge way to conduct business. If you want to create a smart, polished brand, then leverage this fact to score extra points with people who admire a company with fresh ideas.
Win Big with Energy Managing
You will have to dedicate some time and resources, but energy managing offers benefits that more than compensate you for this process.
Conserving energy saves you money, opens up your budget, and wins you admiration in the long run. If you want to take your company to the next level, then it's time to transition to an energy-efficient way of working.
Are you ready to create a winning business strategy? Contact us for more information on how you can manage your energy and beef up your budget today.