Money-Saving Energy Efficiency Tips for Small Businesses

Money-Saving Energy Efficiency Tips for Small Businesses

Published: July 01, 2022

As a savvy entrepreneur, you know that saving money on operating costs, wherever ethically possible, is part of maximizing profits. However, in a period of record-breaking inflation,  expensive supply-chain difficulties, and an imminent recession, it’s more essential than ever to keep your business as lean as possible. Fortunately, you can accomplish this—and do your part for the environment—by turning a scrutinizing eye to energy efficiency. Here are some money-saving tips for making your business more energy efficient:

Tips for Home-Based Businesses

Here’s what you can do if you run your business out of your home. Keep in mind that you’ll save the most money by addressing the biggest energy consumers in your home first:

  • Find air leaks around home entry points and address them with caulking or weather stripping or by installing new
    doors and windows.
  • Ensure that your home is adequately insulated.
  • Seal your ductwork.
  • Replace your manual thermostat with a programmable one, and turn the heat or air conditioning down during non-working hours. 

Tips for Other Small Businesses

Here’s what to do if your business operates on its own premises:

  • Sign up for an energy audit with a qualified contractor. This will help you assess which energy consumers are costing you the most and how to maximize your energy savings within your budget.
  • After your audit, sign up for an energy assessment so you can track your energy use before and after making improvements.
  • Where feasible, address needed changes to the biggest energy consumers on your business property, just as you would
    in your home.
  • Research programs that can help you finance major appliance upgrades.

Learn Strategies for Energy Efficiency With Next Level Northwest

Enrolling in a business accelerator program and working one-on-one with a business coach is an excellent way for entrepreneurs to make the most of their budget and build a more environmentally friendly company. If you own a small business in the Northwest Chicagoland area and are ready to accelerate your business growth with coaching, consider applying for admission to our business accelerator program with Next Level Northwest.  

Next Level Northwest is a business acceleration public-private partnership serving the Northwest Chicagoland region. We support regional and local businesses through collaborative and innovative initiatives to help grow the economy. Download our Program Overview PDF here

Ready to take your business success to the next level and become a Next Level Northwest graduate? Download and prepare your application following this process today!