With winter fast approaching, the amount you are paying towards running your business is going to start to increase. As the temperatures drop and the nights get darker, this rise in cost is inevitable as more energy is needed to heat and light up your workplace. Plus, you will be spending more time indoors, which will only contribute to the costs. Luckily for you, there are a number of things you can do to reduce the amount you spend on running your business. These methods do more than reduce the amount you spend each month; they can also help reduce your carbon footprint and your negative impact on the environment, which is a great way to improve your company’s reputation.
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Use Renewable Energy
While this may mean you need to spend money in the short term, finding ways to incorporate sources of renewable energy into your business is a great way to save money in the long-term. There are a number of renewable energy sources out there, including solar, wind and biomass. It can be expensive to install things like solar panels, but once they have been paid off, they can be highly effective at saving you money, while helping the environment. Also, any excess energy can be sold back to the grid for cash.
Switch Energy Suppliers
If you have been with the same energy tariff or supplier for a while, there is a good chance that you could be spending more than you need. This is because the majority of fixed energy deals end after a maximum of three years. Once your deal expires, you will automatically be transferred to the default, temporary or standard tariff offered by the company, which most likely won’t be the cheapest. Use a comparison site like Utility Bidder to find the cheapest quote, and you can even find suppliers who rely on renewable sources like solar energy and hydropower.
Insulate Your Buildings
A cheap and highly effective way to reduce the amount you spend on your business’s energy bills is installing insulation. The type of building you’re using will determine what insulation you can install, but the walls, roof and filling in any gaps to reduce draughts is a good place to start. Replacing windows with double glazing is also highly effective. If your building is already insulated, then it is a good idea to check the quality to ensure it doesn’t need replacing.
Install a Smart Meter
Smart meters are a fantastic way to keep an eye on the amount you spend on your energy bills. Once you know what is racking up the cost, you can take the necessary steps to reduce the amount you spend on that particular activity. For example, if the heating is emptying your business’s pockets, then you should find ways to reduce the amount you spend on it, like turning down the thermostat, putting the heating on a timer, or heating your rooms at different rates (rather than the whole building).
In most cases, it doesn’t take much to reduce the amount your business spends on energy bills, and the small changes you make can prove to be highly effective. The main thing is being vigilant. Once you are aware of the costs, then you can find out the best way to lower them.