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How To Reduce Your Business’s Energy Costs - Carol Evenson - Blog

How To Reduce Your Business’s Energy Costs

Electricity is the sturdy foundation upon which the modern world is built. It’s a necessity for people and businesses alike. While it’s widely available, electricity can be pricey, especially for businesses, because they need to keep the lights on during business hours, and many businesses are open 24/7. Finding ways to save on your company’s power bill may seem impossible, but these tips will provide you alternatives.


When you’re dealing with electricity, you’re dealing with wires. It stands to reason that step one when trying to lower your power bill is to make sure everything is working as intended to begin with. You need to have the wiring in your building assessed, first and foremost. Many properties have antiquated wiring, among other features, and revisiting these essential utilities can reveal a variety of long term problems that previous tenants may never have noticed. These renovations won’t be too expensive, but you can also pay extra for top-of-the-line wiring devices that can provide additional aesthetic appeal that can be appealing to customers. Ensuring that your building’s wiring is working correctly not only saves you money on your power bill, but also helps to minimize the potential fire risk that faulty wiring is known to entail. 


Once you have your building’s wiring under control, you can consider ways to maximize the value of the electricity you use. For starters, reducing unnecessary energy use can help to save money. By simply using less power, you can reduce your monthly electricity costs. However, this is easier said than done for a modern business with ‘round the clock energy needs. However, there are some solutions to this problem thanks to IoT technology. Internet of Things (IoT) devices and apps excel at providing users with remote control and automation, and a smart office can be leveraged to create major savings on your electric bill. For example, a common smart office feature is remote control of light bulbs throughout a place of business, and this ensures that no lights are left running after hours, for starters. However, this same idea can extend to lights that automatically turn off if no motion is detected in the vicinity for a certain period of time. Changes like these can seem minor, but they will ultimately add up to a huge difference over time.

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Switching to Solar Power

Last, but not least, you can save a lot of money on your electricity bill by switching to solar power. This tactic is becoming incredibly popular these days, and for good reason. Solar panels have historically been a hard sell. This is due primarily to a lack of efficiency, and today’s solar panels still lag behind its competitors in that regard. However, modern solar panels are markedly more efficient than past iterations, making them much more viable in actual use. In order to ensure total coverage, you may need more than one panel, and it’s important to install a battery that can store excess energy, thereby allowing your business to stay open for as long as it needs to each day. The switch itself will prove somewhat costly, but the initial investment is one that pays off handsomely by drastically reducing the cost of electricity from month to month. It’s important to note that you don’t need to make the switch all at once, and supplementing grid electricity with solar energy will still yield savings. Luckily, solar panels are modular by design, allowing a full setup to be installed all at once or piece by piece. This gives consumers and businesses more control over how they want to implement solar energy with finances in mind.


A business’s electricity bill can seem like an immovable object, but the right tools can serve as the unstoppable force you need to even the odds. By ensuring that everything is working properly, rationing your power usage, and switching to solar, you can reap major savings on your monthly operational costs.

Publish Date: June 26, 2021 1:15 PM

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