Minimizing Budgetary Risk through Tailored Energy Strategies
Cost reduction strategies are always on the forefront for any organization, and one effective way to curb costs is by taking a closer look at one of your biggest cost factors: energy. Easier said than done though, right? Let’s take a look at a few of the ways you can reduce costs, while positioning your organization for improved sustainability and continued cost savings far beyond the immediate future.
Minimizing budgetary risk is appealing no matter the year, but finding cost savings and increasing budget certainty seems more appealing now than ever. A common misconception we encounter is the idea that customers need to be well-versed in energy procurement to realize savings, that the process is time consuming, or that there are no alternatives to their current supply contract. Not true. For starters, you can begin the process at any time during your contract term. The beauty of deregulation is that it creates competition, and competition begets competitive pricing, which is a win for those who opt to shop around.
Light the Way
Lighting is one of the largest electricity expenses in your buildings, which is why upgrading to LED lighting is one of the smartest decisions you can make. With on-bill funding, tax rebates and incentives, significant savings on your energy bill, and little to no operational disruption to install the new lighting, you’re looking at a brighter bottom line in no time…literally and figuratively.
Of all the renewable energy generation, solar PV is expected to grow the fastest from now to 2050. There are numerous benefits, including improved air quality, a stronger path to energy independence, significant savings on your electricity bill, a hedge on rising energy costs, and a more resilient electricity grid, to name a few. Plus, bragging rights to an environmentally conscious, cost-saving array on your roof can go a long way with stakeholders.
Embrace the New
Renewables are on the rise. Buying electricity from renewable sources has been a trend amongst organizations for several years now, with many stations setting goals and benchmarks to become carbon neutral in x-amount of years. Whether you are environmentally or financially motivated by what renewables can bring to your facility, there is no denying renewables will continue to gain momentum in 2021, and well beyond. Need an easier path to “green”? Consider RECs. RECs are certificates that then transfer the environmental attributes of the renewable energy to the purchaser (you). In other words, paired with electricity from the grid, renewable energy is being generated on your behalf.
Take a Holistic Approach
Short on bandwidth? An extension of your team that can manage all of your energy-related needs, from negotiating a new electricity supply contract, to securing RECs, to managing larger energy efficiency and sustainability projects not only saves you money, but time as well. Energy solutions are varied and plentiful, but with the right partnership in place, you’ll focus on the beneficial outcomes far more than the logistics and legwork needed to implement them.
A great place to start is by giving our team at APPI Energy a call to discuss the wide array of options available to your organization. We’re here to assist you with cost saving solutions that are tailored to your needs and goals.