02 12 2015

Winter Energy Efficiency for Businesses

02 12 2015

Simple Ways Your Business Can Control Energy Costs This Winter

Having enough working capital to keep your business operating smoothly during winter can be tough. But a more hidden expense could be sapping money from your budget without you even knowing. Energy costs for many properties increase during winter due to increased use of gas heating.

For businesses, heating a large office area, warehouse or shipping facility can be expensive, especially if the proper steps aren’t taken to make sure each dollar spent on utilities is being put to good use. Commercial buildings are notorious for being large sources of energy waste. According to the U.S. Department of Energy, the average building wastes 30 percent of the energy it requires for daily power. This waste is seen in the form of higher electricity and heating bills, forcing you to spend more money.

So this winter, ensure your business is keeping a lid on rising energy costs, by following these cost saving tips:

Retrofit lighting

If your company is one of those businesses that leaves its lights on when the office isn’t in use, then you should probably rethink your energy strategy. But monitoring electricity use is only one way to control lighting. Removing old light bulbs and replacing them with LED ones can save money because LED bulbs require less electricity to power and will last longer, according to TXU Energy.

Update HVAC system

Your HVAC system is necessary for heating, cooling and ventilating functions, but it can also be a major source of inefficiencies because many businesses don’t have the time or money to routinely keep up with maintenance checks. However, an HVAC system can begin corroding in a matter of weeks and energy costs will soar if steps aren’t taken to correct the issue.

Speak with an engineer or technician to have new HVAC coils and filters installed into your unit. This will not only make your HVAC system run faster and more efficiently, but also improve the quality of air inside your building.

Seal all cracks

Windows, doors and any joints that are not properly sealed will let cold air in and heat escape. This will throw off the temperature inside your building and force your HVAC system to work harder to maintain a set heating level, increasing electricity consumption.

Apply weatherstripping around door frames and seal any cracks along windows with caulk to make sure all holes are plugged and outside air isn’t finding its way in.

Insulate pipes

Your building’s plumbing system runs the length of the property connecting bathrooms, sinks and kitchen areas, which makes it a prime target for issues resulting from cold weather. When temperatures drop, the water inside the pipes will freeze and contract, bursting the pipes and potentially causing thousands of dollars in damage and repair costs.

Insulating pipes with a foam or rubber wrap will keep the water inside the pipes at a more controlled level so that no breaks occur.

Lower thermostat setting

The Consumer Energy Center noted that every degree you lower the temperature in your building, your energy costs will decline 5 percent. Such a small task can lead to real results, simply by adjusting the thermostat. You can still remain warm inside the comfort of your building, but not have to pay higher costs to do so.

In total, these methods of cost savings increase your business’s cash flow and eliminate wasteful spending. With the residual energy savings, you can invest in new machinery or hire more staff.

Contact National Funding for more ways to increase your business’s capital with services like a merchant cash advance.

Featured


  • Section 179 tax deduction benefit

    How to Qualify for Section 179 Tax Benefits?

    Come tax season, it's important for Americans to know what they can or can't write off. Including the right deductions can greatly benefit you in the year to come, as it can increase your return or minimize the amount you owe. Small business owners must pay just as close attention to their business taxes and qualifying exemptions as… […]

  • Gain Social Media Followers

    7 Ways To Attract More Social Media Followers For Small Businesses

    Social media platforms like Twitter, Facebook, YouTube, and LinkedIn are wonderful ways to connect with your customers, answer their questions and alert them when you have a new product or a sale. However, the benefits of social media can only truly be realized if you have a following. Creating a social media account is only the… […]

  • Entrepreneurial books to own

    7 Books All Entrepreneurs Should Have On Their Bookshelves

    Becoming an entrepreneur can be a fun, exhilarating adventure. But sometimes, the enormity of the challenge of starting and leading a successful business can be overwhelming. In those moments, it's important to have inspiration to propel you forward, or advice to give you clarity to your situation. Luckily, some of the best business advice and… […]

  • Employee satisfaction is key to business success

    3 Keys to Employee Satisfaction and Small Business Success

    Sometimes the most important things can't be measured. Business owners tend to focus on hard data such as revenue, expenses, inventory levels and any other metric that can be quantified with a number. But many entrepreneurs overlook less tangible aspects of their companies, which can lead to underlying problems going unnoticed. These aspects might include customer… […]