Over the past few decades, there has been an increased desire to go green, and businesses are searching for ways to become more eco-friendly. Apart from its environmental impact, like reduced air pollution, your business could reap huge benefits from switching to eco-friendly alternatives. Read on for five ways companies can benefit from renewable energy.
1. Improved public image
Your business’s image plays a crucial role in customer acquisition and retention. Using renewable energy shows your clients and other stakeholders that apart from your company’s bottom line, you also care about other important aspects like environmental consciousness. Sustainability is a concern for most consumers today, so showing them that you are making strides towards a greener environment can boost your company’s reputation. This will encourage environmentally conscious clients to buy your products and services, giving you an edge over your competition, not to mention allowing you to achieve your business’s bottom line.
2. Reduced energy bills
Traditional sources of energy such as coal, oil, and natural gas are non-renewable and diminish over time, making them harder to source. This causes the energy bills to rise continually, making a significant impact on your overall company’s budget, which could hinder growth and expansion. You could even be spending more money on gas and electricity than your competitors who have switched to renewable energy.
Contact Energy Texas to determine your company’s energy usage and install wind turbines, solar panels, or other forms of renewable energy in your entity to power your operations. While installing renewable energy sources like solar panels is at the high end of your budget, you could save up to 75% of your electricity bills.
3. Reduced service disruptions
Did you know that an hour of downtime could cost your business more than $100,000? Reliance on traditional fossil fuels makes your business susceptible to power outages, especially in adverse weather conditions, and you have to stop operating. When normal business operations are disrupted for an extended period, you could lose future business opportunities, and your company’s reputation could be compromised.
Renewable energy is more reliable than traditional fossil fuels. While it is weather-dependent, renewable energy is more stable and easy to distribute. For instance, when a wind turbine experiences a technical fault, another one keeps on providing the required power, so your business will continue operating even when your competition cannot.
4. Increased revenue opportunities
Investing in renewable energy does more than provide money-saving opportunities. If you install an energy system that generates more energy than you need, you could consider selling it back to the grid. This can be your company’s source of extra income and a great way to offset the cost of installing another energy system or solar panels.
5. Green energy incentives
Investing in renewable energy could make your company eligible for various incentives, including tax rebates and grants from the local, state, or federal government.
Endnote
Do not let the initial investment cost keep you from installing renewable energy systems in your organization. Instead, focus on the benefits you stand to gain from your investment. Renewable energy improves your business’s image, reduces service disruptions and energy bills, increases revenue opportunities, and makes your company eligible for green energy incentives.
