How Retail Businesses Can Reduce Energy Costs

Retail businesses have to struggle with a myriad of overhead expenses, with energy being one of the biggest costs for businesses big and small. Retailers have always looked for ways to become more cost efficient. Modern technology has made this significantly more possible, and money saving, than before. Here are several ways retailers can remarkably reduce energy bills without sacrificing work hours or services:

Switch to Solar

Solar power is rising in popularity in Australia as a sustainable and accessible form of renewable energy. Australia is fortunately a very sunny country, which means that retailers can easily switch to solar energy without having to worry about long winters cutting off sunlight. Switching to commercial solar is slightly more expensive than rigging a home for solar power. But with the right installer, a small retailer can save a lot of money with solar.

A solar panel-powered building has a high chance of becoming self-sufficient. If your business’s panelling system makes enough money, you can feed it back into the system for tariff payments. Businesses can enter into a power purchase agreement with a provider or a third party to produce and sell electricity. Therefore, not only can solar power eliminate your company’s reliance on the grid, it can also become a profit making side business.

Improve Internal Lighting

One of the biggest ways electricity is wasted at retail businesses is via light bulbs. Take a tally on the light bulbs installed inside your retail store. What type are they? Is your business till using energy-wasting incandescent bulbs? If so, it’s time to switch to energy-saving bulb options.

Energy-saving bulbs are not less bright than the regular light bulbs. Rather, these bulbs produce the same amount of brightness without consuming as much power. Retail businesses in particular can benefit from LED and fluorescent bulbs, which not only cast a bright glow, but also illuminates large areas. LED bulbs are great for displays while fluorescent bulbs are preferred for lighting areas like hallways.

There are also other options your business can consider. First, order an internal report on the lighting system already in place. Then with the help of an engineer or a professional, start upgrading the existing network.

Monitor Off-Hour Energy Use

The energy bills at your retail business don’t go up just because of peak hour use. Off-hour electricity use can also contribute towards high energy bills. The best way to curb excessive energy use when the business is not open is to first monitor it.

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