Considering that summer is less than 60 days away, we can actually take some steps now to cut back on the cost of energy the summer.
Small and medium-sized businesses are those that can best benefit from taking certain steps now to cut back on costs.
According to an article in Entrepreneur magazine, approximately 10% of small business owners rank energy cost as their single greatest overhead cost. This is taking into consideration salaries, materials, and other costs within an organization.
In addition to the 10% of business owners that feel energy comprises their biggest cost, another 25% of businesses feel that energy is their second to third largest business cost.
Some ideas are:
- Energy-efficient thermostats
- Insulation
- Energy-efficient appliances
- Switch to LED light bulbs
- Install high-efficiency products and appliances
- Change business hours to accommodate high temperatures
- Tap into utility incentives