Financing options for small-business energy efficiency projects make sense for many companies. Energy isn’t getting cheaper, so looking for ways to cut office expenses can affect your bottom line — in addition to being a good thing to do for the environment.
Deciding to make your business more energy efficient is easy. Picking among the different programs and small-business energy efficiency financing options is a little more complex. We’ve gathered together some small-business energy saving tips and options for financing energy efficiency projects, along with some considerations and advice.
The following are some of the best energy efficiency programs:
Small-business energy efficiency financing options make transformative investments possible for many companies. And improving energy efficiency is one of the best ways to cut small-business costs and streamline the operation of your business in ways that pay off now — with the added benefit of saving year after year. These small-business cost cutting ideas bring benefits that also apply to an energy-efficient home office.
You can lower office energy costs by reducing the use of heat and air conditioning and by financing energy-efficient LED lighting and ENERGY STAR® equipment like computers, monitors and printers. They use energy more efficiently and power down automatically when not in use.
Small-business energy efficiency financing can be used to replace old manufacturing and office equipment. These mission-critical machines tend to run all day, so switching them out can significantly affect the energy efficiency of your business.
Making changes in your own energy consumption can inspire other businesses in your community to work toward similarly efficient use of energy and the adoption of renewable energy technologies. Your business can become an ENERGY STAR® partner with state and local governments to access best practice insights and connect with experts and providers.
Establishing a reputation for energy efficiency is good for business. Both customers and partners appreciate working with companies that are stewards of the environment and that run eco-friendly businesses and sustainable workplaces.
As part of your energy use audit, you’ll analyze and prioritize options. Developing a small-business sustainability plan should include specifying measurable goals and milestones to track savings as your investment pays off.
Energy-efficient corporate assets, from real estate to equipment, are more valuable, with lower operating costs, maintenance savings and better terms when financing.
As you explore your financing options for small-business energy efficiency programs, you’re sure to turn up a wealth of opportunity. You can find literally hundreds of energy loans for buildings and equipment, grants, rebates, small-business energy options and tax credits.
Two great places to start are the Small Business Administration’s State and Local Energy Efficiency Programs listings and the DSIRE® index, funded by the U.S. Department of Energy at North Carolina State University. You could also look into SBA loans, which are given by the federal agency to companies seeking to buy energy-efficient equipment, use alternative fuel for vehicles or retrofit buildings.
There’s money on the table to finance energy efficiency programs for small businesses. All it takes to get started is to do some research to find programs that fit your needs and goals. Know the rules and processes for each program to ensure that your application complies and that you can successfully secure financing for the energy efficiency programs in your plan.
Small businesses are struggling as restrictions are put in place to prevent the spread of the new coronavirus (COVID-19). The government has responded by issuing SBA disaster declarations across the United States and by passing emergency assistance legislation, including the CARES Act, opening up the availability of government small-business loans to help keep businesses open
We’ve created this list of tips to help you stay mentally, emotionally and physically healthy while social distancing during the COVID-19 spread. “Social distancing” is a term that has taken over the media and our lives recently.