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Trying economic times have forced many businesses to operate more efficiently and economically to sustain profits. All too often, however, viable opportunities to cut costs are overlooked. Most notable among these is the power bill. While reduced energy consumption and marginally lower electric bills can be realized through simple solutions like installing energy efficient light bulbs, the greatest cost reduction opportunity lies with the heating and air conditioning (HVAC) system &#; a company's largest discretionary source of energy demand and, thus, its highest controllable expense. Unfortunately, few business owners focus on HVAC and climate control energy efficiency as a means of cost savings, fearing expensive service visits from tradesmen and costly technology solutions with disappointing results.
Significant technological advancements in the field of commercial energy-efficiency systems have finally made them far more affordable for operators of small to mid-sized facilities previously underserved in the marketplace, and also deliver proven, highly quantifiable results. For the many small to medium-sized business operators seeking to reduce operating costs and employ green business practices, an energy-efficiency system is one significant way to reduce carbon emissions and boost the bottom line with funds otherwise paid to the utility company each month.
Here are five key reasons your company needs energy-efficiency system:
1. Monetary Savings
Today's energy-efficiency systems can lower a small to mid-sized company's energy costs by 10 percent to 20 percent and provide a return on investment in just six to twelve months. Energy-efficiency systems have various price-points and functionality but, for small to mid-sized buildings, advanced systems can cost less than $2,000 and can often be financed. Depending on a business's monthly energy bills, even just 10 percent in savings can provide a rapid return. Savings from a lower utility bill drop straight to a company's bottom line, increasing its profitability &#; without reducing head count or employee or customer amenities.
Moreover, many local utility companies throughout the United States are offering rebates and other business programs that will subsidize and facilitate the deployment of a commercial energy-efficiency system, further reducing a company's installation expense.
2. Lower Environmental Impact
The lower energy bill companies realize after installing an energy-efficiency system is directly correlated to reduced energy consumption. Reduced energy usage means fewer carbon emissions and a smaller environmental footprint from business operations.
3. Mechanical Equipment Longevity and Efficiency
Energy-efficiency systems can quickly identify anomalies in consumption that may be attributable to malfunctioning HVAC equipment. Rapid response to equipment breakdowns not only increases the longevity of the malfunctioning equipment, but also other installed HVAC units that are forced to work harder to pick up the slack. Immediate action can make all the difference between an economical repair versus an extremely expensive replacement. White this particular benefit of an energy-efficiency system is not as easily quantifiable as lower energy bills in the long run it can lead to disaster aversion and dramatic cost savings.
4. Around-the-Clock Monitoring and Control
Many energy-efficiency systems provide a variety of energy usage settings and control capabilities enabling users to set usage parameters that cannot be overridden by on-site employees, and can be managed remotely by authorized personnel through the web. Best-of-breed manufacturers, however, also offer outsourced monitoring services through which specially trained account managers monitor and control a company's energy usage in each facility 24/7 all year long, minimizing consumption, maximizing savings, making seasonal adjustments, and immediately reacting to irregularities &#; all without increasing the owner or operator's personal energy management burden.
5. Marketing and Public Relations Benefits
Consumers appreciate companies that are environmentally responsible. The installation of an energy-efficiency system can and should be communicated to current and prospective customers as an example of its green business practices far beyond typical light bulb and recycling initiatives. Use of such technology can also bring positive local press attention and even awards, drive a positive brand image, and draw environmentally conscious customers to your business. Such practices are also a huge boost for intra-company employee morale.
Gus Ezcurra is CEO of Advanced Telemetry, developer of the industry-leading EcoView smart energy and resource efficiency system for business and residential applications. He may be reached through the company's website at www.AdvancedTelemetry.com.
As fuel costs continue to rise and governments impose stricter regulations on pollution emissions, businesses need to find ways to remain competitive. Energy efficiency is one such way. By implementing a green solution such as solar power, you can reduce your company's carbon footprint and make your workplace a healthier place by reducing your greenhouse gas emissions. As a bonus, you also save money through lower utility bills.
Why Is It Important for A Business To Go Green?
There are many reasons why a business needs to go green. Clean energy produces less pollution than traditional sources. This means your business can reduce its carbon footprint by going green. And with the demand for clean air increasing and the cost of fuel rising, companies that don't go green may find themselves at a competitive disadvantage as they will no longer offer affordable prices on their products and services.
Green energy solutions benefit your company's bottom line by reducing utility bills and lowering greenhouse gas emissions. Additional benefits include the following:
· Increased energy efficiency
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· Reduction in greenhouse gas emissions
· Reduced energy bills
· Fewer utility interruptions
· Better employee satisfaction
Lower Costs for Your Company
One of the most significant benefits of investing in a green energy solution is saving money. For instance, by installing solar power, you can take advantage of tax incentives and rebates for your business. You'll also see a decrease in your utility bills due to installing and using renewable energy sources like solar panels and wind turbines. This helps keep more of your money in-house&#;investing in your company, and you don't have to worry about it going to utility companies.
Increased Employee Productivity
Another reason a business should invest in green energy solutions is because it increases employee productivity. Studies show that employees are more productive in an environment with cleaner air and less noise pollution. With green energy, the air quality in your office improves, and you enjoy a quieter work environment. So, as you consider attracting people back into the office, green energy is one way you could do it. And that ideal will only increase as people realize the importance of green energy.
Fewer Sick Days by Your Team.
Improved environmental quality within a building is related to better health outcomes. Research demonstrated an impact of the indoor environment on cognitive function in both workers and non-workers alike. People working in green-certified buildings scored 26% higher on tests for cognitive function. The study controlled for salaries, job levels, and education level (among other things). Further, those in the green buildings had 30% fewer sick building symptoms than those working elsewhere. As noted, the benefits seem to be partially explained by improving IEQ factors such as temperature and lighting.
Boost Innovation and Creativity
As Paul Polman, CEO of Unilever, explained in an SSIR article, besides providing financial benefits, sustainability practices like energy conservation lead to an improved environment and healthier employees. Further, going green and following those practices lead to higher employee retention rates and productivity. Yet it's still hard for companies who care about sustainability to operationalize their goals due to the lack of communication between company leaders and their staff. The problem lies not with why you should want sustainable initiatives but how those initiatives get embedded into the workday and company operations. That's where the disconnection lies.
How Can I Implement a Green Solution In My Business?
There are many ways to implement a green solution into your business. The first is installing renewable energy sources or fuel cells for electricity generation. You could also install an efficient heating and cooling system, purchase energy-efficient lighting or use low-emission materials such as sustainable wood.
Another way you can implement a green solution is by making your building more environmentally friendly. This includes constructing buildings to be LEED-certified (Leadership in Energy and Environmental Design) or implementing eco-friendly design and construction practices like natural ventilation systems, waterless urinals, and the use of recycled building materials.
Your business can implement a green solution by your environmental business leaders by educating staff on conserving energy while they work. This includes instituting energy efficiency standards in the workplace, partnering with an energy company to provide information on conservation techniques, or providing electrical outlets that get used only when necessary.
Another approach to implementing a green solution is reducing waste and recycling as much as possible. You can accomplish it by installing recycling programs in your office and workplace, using recyclable office supplies, and insisting on recyclable packaging where appropriate.
Finally, adopt alternative transportation methods like carpooling or biking to work to implement green solutions whenever possible. You can encourage your team to carpool or bike to work and provide incentives. It reduces carbon emissions from commuting vehicles like cars and buses.
© Wayne Elsey. All Rights Reserved.
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