From shaving a few quid off a broadband bill here to slashing insurance costs there, it’s the prudent business owner who takes the time to reduce overheads in an attempt to increase profitability.
Decisions like the above are typically no-brainers for the frugal captain of industry, but approaching renewable energy in the same breezy manner requires a bit more education.
While most are aware the supply of fossil fuels – coal, oil and natural gas – is limited and will eventually run out, the majority are oblivious that renewable energy is a legitimate alternative.
For the cash conscious company kingpin, installing an electricity-generating technology from a renewable or low-carbon source could also mean a boost to their coffers.
Through the government’s Feed-In Tariffs scheme (FITs), you’re paid for generating electricity – 13p for every kWh – and for surplus electricity exported to the national grid.
This means bills are slashed, given that your business will be using its own electricity.
Indeed, according to James Cass, business development manager at Dulas, in an interview with The Guardian, most businesses are astonished to hear the good news about renewables.
Says James: “You can invest in solar or biomass to generate electricity or heat from a purely environmental standpoint because they’re renewable and it’s a great thing to do.”
But what are some of the main ways your company can use renewable energies to provide you with the power you need to steam ahead in the marketplace?
Considering the often blustery conditions associated with Dear Old Blighty, it’s hardly surprising that wind is the country’s most common source of renewable energy. More than that, though, it’s a financially viable source, with the energy generated by the wind power used to drive a generator.
Currently, around 16 per cent of global energy consumption comes from renewables. Through the power of sunlight then, photovoltaic (PV) panels will turn it into electricity. These can be installed as cladding, roof tiles or glazing and planted on your roof, with each cell using light to make electricity.
While you may think that opting for renewable energy would involve a gas meter removal to cut off the supply, some firms may not have access to a roof to install solar panels. As such, a ceramic fuel cell device can be used to convert natural gas into electricity.
As it stands, biomass energy makes up around 85 per cent of the UK’s renewable energy. It works by burning or fermenting organic material like wood, straw and crops. From a business perspective, a biomass system will pay for itself within five to 12 years.