How can switching to renewables improve business?

Jon Lawson

These are the five ways:

  • Lower bills
  • The PR 
  • Less disruption 
  • Reduced emissions
  • ROI 

 
Here Simon Stevens on behalf of RS Components outlines his thoughts on renewables.

In 2019 businesses are constantly looking at how they can increase their sustainability in order to boost not only their reputation but their bottom line too. For those that have been drawing from the same source for decades, it can seem inconvenient or unnecessarily costly to make the switch. However, not only is switching to renewable energy remarkable simple but opting for solar, wind or geothermal alternatives will have several obvious and fringe benefits.

Lower bills

As resources that we’ve relied on for decades become harder and harder to source, it’s only natural that prices will start to skyrocket. Renewable alternatives, however, will never run out and will only get more affordable as they become more mainstream. For your business, switching to solar could potentially save thousands per month.

The PR 

The wider world is increasingly waking up to the realities of global warming and the fact that we’ve not been kind to our planet over the last 100 years or so. Switching to a renewable energy source shows that you care about the well-being of the planet and, by extension, your customers. For certain clients, your choice to use renewable energy could be the difference between them choosing you or somebody else that aligns with their values.

Less disruption 

Businesses lose custom and reputation when the power is out. Indeed, in a world that quite literally runs on electricity, a power outage can prove absolutely devastating. Unlike fossil fuels, which are remarkably unstable, renewable energy is far more stable and reliable. There is also far less likely to be a deficit of energy available. If you are able to remain open when all your competitors have had to shut because of a fuel shortage, you will be reaping the benefits.

Reduced emissions

As the ramifications of global warming continue to be felt across the globe, businesses are starting to wake up to the fact that it could have a damaging effect on their bottom line, too. Coal and natural gas have been two of the largest contributors to global warming and whilst renewable energy may not always be 100 per cent guilt-free when it comes to emissions, it is a significant improvement.

ROI

For any business, perhaps the most important factor in any decision is return on investment and renewable energy has been proven to have a very healthy ROI. It might mean an initial investment and you will certainly need to consider investing in reliable energy saving components that companies such as RS Components supply to ensure your ROI is as high as possible. However, when you are saving potentially thousands of dollars a year, as well as savings made on repairs, maintenance and more, you’ll begin to realise that the financial benefits far outweigh the financial drawbacks.

 

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