For many small businesses, finding savings, no matter how small, is very important for the bottom line. If you have business premises then costs can spiral, particularly in a cold climate like Scotland where for at least 6 months of the year heating and lighting energy consumption is high. Reducing energy costs can be a good way to save money. Apparently, businesses could reduce energy costs by up to 20% just by making simple changes. And if this wasn’t incentivising enough, the government’s website suggests you may get reliefs or be exempt from some taxes, e.g. if:
· you use a lot of energy because of the nature of your business
· you’re a small business that doesn’t use much energy
· you buy energy-efficient technology for your business
Here are some ways to reduce your business energy costs:
1) Install LED lighting
Lighting accounts for 20% of all energy consumption in the UK. LED lights consume less than 80 per cent of the electricity of traditional incandescent bulbs. Although they do cost more to buy than traditional lightbulbs they last longer and cost less to run. So if businesses were to install LED lighting they would save pounds on their electricity bills.
2) Power down your computers and monitors at night
Running computers and monitors accounts for half the electricity consumption in an office. An average computer uses 40W when running, and between 20W and 30W when on standby – monitors run on 80W, using 10W to 15W on standby. Turning off monitors and computers at night can save a whopping amount of cash.
3) Swap to laptops over desktops
Laptops are more energy efficient and consume up to 80 % less electricity than desktops. Energy consumption varies on a model by model basis but overall they are more efficient.
4) Draughts proof your windows or install double glazing.
Not always possible if you don’t own but rent the premises. However, there are ways to make your premises less draughty cheaply which will save on heating costs.
5) Install solar panels
Perhaps not as lucrative as they once were in terms of the “Feed in Tariff”, but they still provide an income guaranteed for 20 years. There are loans available from the Scottish government to support businesses that are looking to reduce costs through improved energy. If you own premises and have the right type of roof then this may be an option.
There are definitely ways to save money by reducing energy costs in your business. Incorporating small changes into the business can make a difference. For even more savings, proactively seeking new energy solutions can save you even more.
Are you ready to save money?