Utility bills are becoming a bigger and bigger part of many companies budget as demand goes up and costs follow.
From California to New Jersey, regulators are approving electric rate increases as the cost for generating electricity rises.
That means higher bills for your business just to keep the lights on.
In a report put out by National Grid, the #1 expense in any electric bill is lighting. Depending on where you are located in the country, your share of the lighting bill can be anywhere from 34% to 43% of your total power bill.
Just today, a Google search with the topic “electric bill increases” (with “Past Month” set as the search criteria) yielded results of electricity price increase requests and approvals from California to New England.
While the bills are going up, your energy consumption doesn’t have to follow. A strategic approach to reducing your consumption will generate substantial savings.
If you’re spending money unnecessarily, would like to divert monies from operations back to accomplishing your mission and goals as a business, read on…
LED Lighting upgrades WILL Increase Your Profits
Many businesses see lighting as a fixed operating expense. However, substantial savings in lighting can increase your company’s profits significantly.
Take for example one company in Texas.
An indoor gymnasium for the Texas Tornados Volleyball Club was spending a substantial amount of money each month due to the costs associated with lighting and cooling their facility.
Texas can be a hot place. According to the several press releases and the website of the company who did the LED retrofit of the facility, poor lighting was contributing to an increase of heat inside the facility causing the HVAC systems to work harder to keep it cool.
The results of the LED retrofit yielded approximately $12,000 of savings annually for the Volleyball Club.
It’s amazing how small changes provide outstanding results, add create significant savings!
Some studies suggest that every 1,000 kWh that you don’t use, you save $100 on your utility bill, assuming average electricity costs of .10 / per kWh.
Get in on the Savings Now!
If your business has been looking for ways to reduce its operational budget expenses, there has never been a better time to invest in LED lighting.
Not only can it reduce your electric bill, it can also reduce your inventory expense.
As this report from the U.S. Energy Information Administration shows, the energy consumed by LED lighting is going down, its lifespan is going up, and the cost for an upgrade is dropping.
That’s great news for your business!
In addition, there are many rebates and incentives to available for your business to offset the costs associated with your LED upgrade. The utilities and both the local and State Government support the transition from your old, inefficient lighting to your new budget savings LED lighting.
By saving money today, you have more money to accomplish your business’s mission and goals.
If you are ready to put money back into your budget and increase your profits, we want to chat with you for free on how we can help reduce your utility bill, discover rebates and incentives, and help your company get leaner and more profitable.
Contact us today by phone at (240) 314-0750 or click here to request a free consultation.