We already covered how improving the energy efficiency of your home can help increase its resale value, but this strategy isn’t only applicable to residential properties.

If you’re a business owner, there are many reasons why you should look into alternative energy resources for powering your building. And while most of them have to do with saving you money and helping improve the planet, the advantages of energy upgrades extend beyond just financial and environmental incentives.

According to the United States Green Building Council, nearly half of new non residential construction will be green – with an estimated value of about $145 billion. The organization also said by 2023, approximately $960 billion will be invested in commercial green improvements.

Building a better, greener business

Whether you have already decided on making an investment in the energy efficiency of your office or building or are still simply flirting with the idea of it, here are some of the reasons it would be a wise decision:

  • Lower costs:

    Part of running a successful business means constantly uncovering opportunities to save money. And while you probably look for ways to do this within your operations and processes, there are some strategies you may be overlooking. By increasing the energy efficiency of your building, you will be able to decrease your small business electric rates and save on monthly energy bills.

  • Reduce carbon footprint:

    According to the USGBC, buildings are some of the biggest natural resource consumers and account for much of the greenhouse gas emissions currently influencing climate change. Furthermore, commercial buildings that aren’t built with sustainability and energy efficiency in mind make up 73 percent of total electricity usage. This is taking a toll on our planet. Instead of being part of the problem, do what you can to help drive more sustainable solutions.

  • Increased comfort:

    If your building is a place where employees spend most of their week, you want to make sure that it is a place they enjoy being at. You also want to ensure that they are maintaining high levels of productivity while they’re there. And if you think that energy efficiency has nothing to do with your employees, think again. For example, the Optical Society recently released a study that examined how different lighting influences our mood, concentration and cognitive performance. Researchers found that LED lights resulted in higher levels of alertness and stimulation than traditional, incandescent bulbs. LED lighting also has a longer lifespan and consumes as much as 25 percent less energy, which can  help lower electric rates.

  • Healthier environment inside and outside:

    You already know that making some energy upgrades will help the planet because it will result in your building omitting less greenhouse gas. Energy upgrades can also improve the health of those inside your business. Changing air filters, switching out older HVAC systems, insulating air ducts, etc. are all ways to improve the quality of air in your office and in turn, the well-being of your employees.

  • Increased property value: If you are thinking about selling your office, or it’s just something you know you’ll eventually do, it would be wise to start increasing its property value now. One way you could do this is by getting an LEED certification. Research has found that buyers are willing to pay about 30 percent more for property if it is LEED-certified, Energy Manager Today reported.

Choosing the right energy providers

As a business owner, you understand the importance of being careful about who you work with. The energy provider used for your building is no different. Make sure that you work with the property manager or owner to ensure you – and all tenants – are getting the best energy and electric rates possible. It is highly recommended that you find a local company that specializes in small business electricity and gas, as well as sustainable energy solutions. Another factor to consider is their pricing model. To avoid fluctuating costs, hire a provider that offers fixed-rate plans.