One of the easiest ways to save money as a small to medium business is to increase your energy efficiency. We show you how to improve your business by saving energy.
As a business owner, you’re always looking for ways to improve your business. And while energy efficiency may not be top of mind, increasing profits is no doubt a priority. The good news is using less energy is both good for the bottom line and great for the environment.
Consider your appliances
Say your business is in hospitality, choosing energy-efficient appliances such as refrigerators, dishwashers and lighting will mean that running your business will remain more cost-effective over months and years.
Always look out for the Energy Rating label to make sure you’re making the more energy efficient choice when buying appliances and fixtures. The better the energy rating (shown by the more stars there are on the label); the less you’ll spend on running costs over the life of the purchase.
Establish an energy efficient reputation
Being energy efficient won’t just benefit your business by reducing your bills and wastage. If it’s something your business really embraces, it can be a useful marketing tool - it conveys an environmentally responsible outlook and may boost your reputation and community standing.
Having an energy plan in place that supports Australia’s renewable energy industry could make your business eligible to use the GreenPower logo in your marketing. If you’re with EnergyAustralia, you qualify when you choose to buy 10% or more of your electricity consumption from accredited renewable sources such as solar, wind, hydro and biomass.
By implementing an Energy Management Plan and getting your employees on board you’ll be on your way to being an energy-efficient business. This can contribute to your business being considered an employer of choice when recruiting potential employees.
Make it a long-term commitment
While there are plenty of simple steps you can take to increasing your energy efficiency - the best results will come by thinking long-term. When designing or updating your product or service, taking energy efficiency into account is important for the long-term sustainability of your business. Ensuring you deliver a product or service that is created or supported by energy-efficient equipment will mean lower overheads in the long run, and this may result in a higher profit margin overall.