Businesses in the U.S. spend more than $60 billion a year on energy costs. Lighting typically accounts for 8% or more of these business’s annual energy expenses. That’s more than $4 billion in energy costs just to keep the lights on. The good news is there are some fast ways to save with LED lighting.
Adopting sustainable energy solutions is an important way businesses are cutting costs during uncertain times. Many of these sustainable energy solutions are extremely easy for businesses to implement, like making the switch to commercial-grade LED lighting. In fact, so many businesses are switching to sustainable solutions, renewable energy sources are actually outpacing coal consumption. Businesses that make the switch to sustainable energy are reducing their costs, decreasing their environmental impact, and creating a safer environment for their employees.
Businesses that switch to LED lighting can save more than 60% on their energy and maintenance costs. This equals tens of thousands of dollars in savings per year for businesses. In addition to lower energy consumption, LED lighting lasts longer than traditional lighting fixtures. This reduces ongoing maintenance costs. All of these savings can have a serious impact on your budget when you need it most.
Due to the impact of recent global events on businesses everywhere, it’s essential to look for new ways to reduce operating expenses. Parking structures are one of the most expensive areas to light. In this blog, you’ll learn how to immediately cut energy costs and start saving when your business switches to LED lighting for your parking structure(s).
We have seen a shift in business that we never expected. Even the savviest business owners were not prepared for the massive hit that resulted from COVID-19. It’s always been our mission to help businesses save money. Now, we’re feeling more of a call than ever to help businesses like yours discover new ways to boost the bottom line and weather this storm.
There is a strong case for the 21st-century business executive to add sustainability to the core of their business strategy. More and more businesses are seeing a positive impact on performance and revenue after applying sustainability-based principles and practices. Yet, executives are still wary of putting sustainability at the top of their priority list. They have the mistaken belief that the costs outweigh the benefits.
When you consider converting to LED lighting, you may envision huge capital expenses, hours of interrupted business, lost sales time, and a massive inconvenience for your team members and customers.
In the light of recent economic events, business owners are scrambling to reduce overhead and expenses. Taking a hard look at operating expenses can give your business the runway you need to survive a financial crisis.
Green energy is the new green. Businesses are turning to green energy sources to save money and free-up resources to invest in growth.
Lighting as a Service (LaaS) has recently emerged as a solution to commercial lighting needs. Not only does this model allow businesses to upgrade their lighting with zero-capital investment, but it also provides numerous financial, environmental, and business benefits. LaaS makes it easy for businesses to afford other improvements to their business, while still taking advantage of a lighting upgrade.