For many manufacturers, the cost of electricity is a big component of their overhead manufacturing costs. Many business owners are starting to be proactive about ways to reduce this cost by staying ahead of their competition and improving their margins. Since the SBA has recently reduced restrictions on funding, as a business owner you may be able to implement these measures at significantly more attractive funding than previous commercial programs offered. Here are just a few ways business owners have been making their business more energy efficient:
- Install LED lighting to reduce lighting costs
- Install solar panels to control your useage and stop buying from the grid
- Install geothermal systems, these generate electricity and heat from underground sources
- In cold weather states, look for new insulation applications to reduce heating costs.
Keep in mind some of these applications allow you to take tax credits to further reduce your taxable income.
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