Wed. Jun 12th, 2024

Business News on the Fly

How To Achieve Business Energy Savings

Energy is a major expense for more than a third of small businesses according to some estimates but many can take steps to achieve significant business energy savings by doing some of the following:

• Switching to a retail energy provider to get the best electricity and natural gas rates; in de-regulated energy markets suppliers offer a range of prices and plan options.

Set energy savings goals by assessing current energy usage and developing strategies to combat areas where it is being wasted or could be used more efficiently.

• Use data analytics technology to provide an overall view of how power is being used and to pinpoint areas where it can be reduced.

• Take advantage of tax benefits or investment incentives such as the Investment Tax Credit provided for businesses that use solar systems; some states and local authorities also offer rebates on energy efficient equipment.