Are you a small or medium business owner looking for ways to save energy and cut utility costs? Cutting back on utility bills is one great way to save money, but how can you do this without compromising the comfort of your premises and the success of your business? The good news is, there are plenty of simple steps that businesses can take to reduce their impact on the environment and decrease their monthly business energy costs.  

In this guide, we'll share 8 tips for reducing energy consumption and keeping utility bills low in your small to medium enterprise (SME). So, if you're ready for sustainable savings, let's get started!

1. Replace old appliances with energy-efficient models:

Energy-efficient appliances are designed to use less energy while delivering the same performance as their outdated counterparts. This means that you can enjoy the same level of comfort and convenience without wasting energy or money.

2. Install insulation to keep the temperature comfortable and reduce your heating costs:  

Installing insulation is one of the most effective ways to save business energy and reduce your heating costs for SME utility bills. Insulation acts as a barrier that prevents heat from escaping, thus keeping the temperature inside your building comfortable and consistent without having to generate more heat.

3. Invest in energy-saving lights and switch off the lights when not in use:

Traditional incandescent bulbs are highly inefficient and consume almost 90% more energy compared to energy-saving LED bulbs. However, despite their higher initial cost, LED bulbs last 25 times longer than traditional bulbs and consume up to 80% less energy, resulting in lower energy bills in the long run.

4. Use natural light as much as possible during the day by leaving windows open or installing skylights

Lighting alone can account for up to 40% of your business's energy cost. By relying more on natural light, you can significantly reduce your business energy consumption and costs on lighting. Plus, natural light has been shown to improve employee mood, productivity, and overall well-being.

5. Unplug electronics when they are not in use to avoid phantom power drain  

By unplugging electronics when not in use, you can help to avoid phantom power drain, which is the electricity that electronic devices consume even when they are turned off or in standby mode. This can have a significant impact on your energy bills, as it can account for up to 10% of your total electricity usage.

6. Set up timers on your air conditioning system so it only stays on when needed

Setting up timers on your air con will significantly reduce your energy consumption and lower your energy bills by ensuring your AC only stays on when it’s needed. For example, you might set your AC to turn on just before you arrive at work and turn off shortly after you leave in the evening.

7. Install a programmable thermostat in your home to regulate temperature  

A programmable thermostat allows you to set the temperature in your home based on your schedule, so you can reduce gas usage when you are not at home or asleep. This kind of schedule means you're not wasting energy (and money) heating or cooling your SME when no one is there.  

8. Consider a tankless water heater to reduce the amount of energy used for hot water

Tankless water heaters are more energy-efficient than traditional water heaters because they heat water on demand rather than storing and continually heating a large amount of water like a traditional water heater. By only heating the water that is needed, tankless water heaters allow for greater energy savings as well as a consistent supply of water.  

To Wrap Up...  

Saving energy doesn’t just help reduce your business energy costs - it helps the environment as well. And when you consider these 8 actionable tips to make that happen, the financial and environmental benefits are undeniable. Keep in mind that small business owners can often get energy efficiency grants to access and implement energy-saving solutions, helping to secure even further cost and energy savings. Above all else, remember that many small changes can make a huge difference over time. So why not get started now?

Compare and save today to find out how much you can save on your SME’s utility bills with Save on Bills!

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