Last Updated on February 15, 2024 by Saira Farman
Since 1992, Energy Star initiatives have reduced greenhouse gas emissions by 4 billion metric tons.
In this way, the energy star program is helping create a better future for all and helping the US meet its sustainability targets. Energy Star also offers several other perks for businesses that embrace energy-saving initiatives.
Find out how you could benefit by becoming Energy Star certified.
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Lower Operational Costs
Energy star appliances use less electricity and water. That means you’ll enjoy huge savings on your utility bills every month.
For instance, an Energy Star commercial refrigerator is 15% more efficient. So, it can save you up to $440 in its lifetime.
An energy-efficient commercial oven can cut your energy bills by as much as $7,300 per year.
Energy Star-rated light bulbs consume two-thirds less electricity than incandescent bulbs. They also last 15 times longer.
Even energy-efficient windows can save you as much as $500 a year.
Energy-efficient appliances help you save on maintenance costs, too. That’s because standard appliances work harder and fail sooner.
Energy Star Certified Incentives
The federal government offers direct rewards to owners of energy-efficient buildings. These take the form of two major tax incentives.
We all know you can save up to 26% on your taxes when you install solar panels on your commercial building or your house. There’s one more way to pay less tax, too.
That’s through the Section 179D tax deduction per square foot of your energy-efficient building. Click here to find out more.
What’s more, many states, counties, and cities are putting mandatory energy benchmarks in place. These performance standards dictate how much energy buildings can use.
If you implement energy-efficient initiatives now, you’re better positioned to meet any future restrictions.
Apart from saving money, your business also stands to benefit in other ways by becoming energy efficient certified.
Boost Brand Appeal
Energy-efficient initiatives increase your brand’s credibility.
That means you’ll increase your customer base to include environmentally-conscious people. You’ll also attract younger employees who take these issues seriously.
Studies show that Americans will judge you on your environmental initiatives. Over 92% of consumers say that energy star certifications affect their buying decisions.
Financiers and investors also tend to take energy-efficient businesses more seriously. That’s because commitment to a greener future shows you’re in business for the long haul.
ESG-focused investors find companies with strong energy management programs more attractive. That’s why 86% of companies in the S&P 500 Index publish annual sustainability reports.
Energy-Efficient Buildings Add Value
Energy savings mean increased profits for business owners.
So, if you rent out your buildings, you can charge higher rentals. You’ll still attract tenants, as they know they’ll save when they rent from you.
Likewise, if you decide to sell your building, you’ll attract more buyers prepared to pay a higher price.
Move With the Times
Right now, every responsible business owner is working toward becoming energy efficient certified, thanks to all these benefits and more. Isn’t it time you got on board, too?
You can start researching more energy-saving tips by browsing some more of the articles on our blog.
Apart from this if you are interested to know about Best Real Estate Small Business Ideas then visit our business category.
