For every savvy business owner, ensuring costs are as low as possible is one of the best ways to maximize profits.
One of the key areas you could look at is reducing the amount of money you spend on your electricity bill.
Here are three wonderfully simple ways your business could save money:
1. Switch to LEDs
One of the best ways to get long-term savings is to s
wap your incandescent light bulbs for LEDs.
How much you’d save depends on your tariff and how often you use your lighting. But as an example, if you have an office with 25 light bulbs, on for eight hours a day for five days a week, and you pay 10p per KWH, swapping them for LEDs would save you more than £490 in a year and more than £2,400 over five years.
That’s a substantial saving which factors in the extra cost of buying in LEDs which are more expensive to buy than incandescent bulbs.
Not only would you be saving money, you’d also be reducing your business’ carbon footprint. In this example, you’d reduce your CO2 output by almost 13,400kg over five years.
As they emit little heat, they also help you reduce your air conditioning bills. It’s win-win!
2. Switch off computers at night