Energy Efficiency is Good Business
- Business owners have a variety of goals and objectives to help them compete and increase profits.
- Efficiency upgrades help improve customer experience, and increase productivity and workplace safety.
- Long-term energy management requires planning and a focus on continuous improvement.
Lower energy costs sound great, but as a business owner, that may not be your primary concern. You want to produce quality products and services, keep your customers happy and ensure the safety of your employees. The good news is, energy efficiency can help with these goals as well. Here are four ways that energy efficiency upgrades can benefit your business and your bottom line.
1. Greater productivity. Energy-saving improvements, such as natural ventilation and daylighting, can improve indoor air quality and enhance the overall work environment. Healthier workers are more productive and call in sick less frequently. A Carnegie Mellon University study identified numerous cases in which energy-saving measures resulted in individual productivity improvements of 10 to 15 percent.
2. Happier customers. You want happy customers, and more of them. Energy efficiency upgrades can help. Lighting and HVAC upgrades can enhance the appearance of a facility and create a more comfortable, inviting atmosphere. This is especially important for customer service facilities—such as stores and restaurants. Customers stay longer, spend more money and come back more often.
3. Safer workplace. Safety is a primary concern for any business. Brighter lighting and more uniform light distribution can reduce the chance of a worker falling or being struck by an object. The average cost of a workplace injury is more than $36,000 per claim, according to the National Safety Council. If a lighting upgrade can prevent just one accident, it can pay for itself very quickly.
4. Increased quality. Your customers expect quality products. High efficiency lights, such as LEDs, typically increase light output and enhance color quality. This improves the visibility of a workplace, which can reduce error rates and increase overall product quality. You'll have less waste and lower rework costs, and more satisfied customers.
It's clear that managing your energy use can be an important part of your overall business strategy. As with any business objective, saving energy requires a plan. See Low-Hanging Fruit: 5 Simple Energy-Saving Upgrades for measures you can implement right away. Next, hire a qualified professional to perform an energy audit of your facility and target long-term savings opportunities. Focus on continuous improvement by establishing priorities, setting goals and tracking your progress.