Article Credit: The European Business Review
Businesses across the continent are constantly searching for new innovative ways to be more environmentally conscious. Going green can help a company’s finances in multiple ways, it also attracts more customers and clients. Some business owners and managers may feel that turning to renewable energy isn’t worth the effort as they may not understand the true extent of the benefits on offer.
However, firms that do make the switch to renewable energy sources will benefit greatly in a variety of ways. For those who have already decided to take action, Utility Saving Expert provides a great place to start. Here you will be able to easily compare a whole range of business energy tariffs and suppliers, including those that offer green options. It’s quick and easy to get a free no obligation quote. Simply enter a few details about your company and consumption to be presented with a list of options to choose from, these can be filtered by price, contract length and tariff type. Let’s take a look at some of the biggest benefits to making the transition towards a sustainable future.
Consistently lower energy bills
If you’re currently using traditional energy sources such as coal, natural gas and oil, you already know that your energy bills have consistently risen over the past decade. This is because these fuel types are non-renewable and deplete over time, making them harder to source. Financially, your firm may actually be spending thousands of pounds more on gas and electricity each year in comparison to your competitors who have made the jump to renewable energy.
Renewable energy such as solar and wind can help you reduce your monthly and quarterly bills whilst also helping the environment. Although the initial investment may be high, over a period of time, you will save more money. Solar panels can help you reduce your costs for years to come.
Improve your public image
All businesses want to demonstrate that they are environmentally conscious, and this can be done through their social responsibility policy. This is more than just providing customers with excellent products and services. You want to show your customers, clients and other stakeholders that you really do care about other important matters, rather than just the bottom line. To do this, smart business decisions will need to be made to show that you have everyone’s interest at heart. This is where your strategic choices will also need to combine the core values that everyone believes in.
By becoming more sustainable, this can give your firm a good public relations boost. Any positive changes made will be appreciated by all stakeholders. Deciding to use renewable energy instead of traditional fossil fuels is a great place to start and could be the difference between winning a customer or client, especially as more people become environmentally aware.
Boost the local economy
When the economy is thriving, businesses will also find it easier to attain success. Firms have an obligation to create jobs, even if these don’t directly benefit them. Making the switch to renewable energy encourages growth and created new roles in the energy sector. Solar power and hydroelectric energy require more employees in comparison to fossil fuels. By switching, you’re creating this demand, which allows for these jobs to exist. As more and more businesses get on board, this sector will grow exponentially. This will also help you see lower costs as further investment goes into researching and developing this fuel type, making it more efficient.
Reduce service disruption
No business wants to have their customers and employees being affected due to loss of service. You want to be able to readily access a constant supply of gas and electricity. In adverse weather conditions, you may see a power cut which could stop you from operating. If normal business services are disrupted for an extended period of time, this will cost you sales and future business opportunities.
Although renewable energy is also weather dependent, it is far more stable and easily able to distribute power when compared with traditional fossil fuels. For example, if one wind turbine suddenly experiences a technical fault, another can continue to provide the much-needed electricity. This will mean that you will not experience a loss of service with renewable energy in a number of different scenarios.
Healthy return on investment
Business owners truly understand how important a return on investment is when making large purchases. By adopting renewable energy such as solar, you will be able to reap the rewards of your investment over a period of time. Although the initial cost may be high, you will certainly see the savings in the years ahead, this could amount to thousands of pounds each year depending on the business size.
Aside from all of the above, one of the most important aspects which we have not covered in detail today is the benefits on the environment. Reducing global emissions has become a top priority for nations across the globe.