Businesses have to be in a state of constant change in order to compete in the highly competitive global markets of the modern age. Part of competing in these modern markets means updating your company to be more ecofriendly. Some of the changes made are a reaction to mandates by governments around the globe to protect the environment, people, and natural resources of the country.
Other changes are made because of the business owner's personal commitment to the environment, or an attempt to invest in lower cost solutions in the long term. Investing in upgrading technology and changing the way a company operates can be expensive on the front end, but with new advancements in energy efficacy, companies who are making these investments are seeing major cost saving incentives in the long term.
We are a world that works even after the sun goes down, and many corporations operate twenty four hours a day. In addition to work hours many offices in large buildings do not have windows, so lighting is a must no matter what time of day you are doing business. In the United States the government has passed legislation that calls for the phasing out of incandescent bulbs over the next few years. Many companies have already made the switch and is now benefiting from electric bills that are as much as eighty percent less than companies still using traditional lighting. How did these companies reduce their costs by such a margin? They replaced their lighting with a new technology called LED. The initial investment can seem overwhelming, but converting your lighting system will have a major impact on your monthly power bills. In addition to monthly savings, LED lights are estimated to last around twelve to fifteen years, so replacing light bulbs will no longer be something you do regularly.
Every business needs power to operate and investing in a renewable and cleaner energy source to power your company will be good for the environment and good for your bottom line. Wind and solar power are wonderful energy alternatives for nearly any company. These types of clean energy take advantage of resources that can never be depleted and whose prices are not affected by uncertainty in the markets. Relying on coal or fossil fuels to power your business leaves you at the mercy of a world with consumer speculation market that can be very unpredictable. If you invest in capturing and converting renewable resources into power for your company, it will be easier for you to predict your overall business energy costs. Many businesses who have already invested on solar or wind conversions are actually producing more energy than they need to operate and are able to profit from selling some of their energy to others.
Upgrading your businesses with new ecofriendly technologies will allow you to market your products to a demanding eco concerned consumer market. People around the world are beginning to focus their purchasing and support corporations that are taking their environmental impact seriously. Making these and other technology changes in your business may be an investment up front, but overtime you will start to see a return on your investment.
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Written by L. Reaves for Beacon Hill Associates, Inc., found at http://www.b-h-a.com - an environmental insurance broker and program administrator focusing on specialty insurance related to the environment and pollution.
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