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How to reduce business energy costs (without cutting corners)
UNITED STATES, JUL 14 – The U.S. Department of Energy says small businesses can cut energy costs by up to 30% annually and may lower insurance risks with efficiency upgrades.
EnergyBot reported that U.S. small businesses spend an average of $18,000 annually on energy costs, with potential savings of up to 30%.
Such audits, for example, cost around $440, Angi reports, and can cut energy costs by up to 30% annually, the DOE says.
Turning thermostats down by 7 to 10 degrees for eight hours daily, saves up to 10% per year on heating, U.S. Department of Energy.
From an insurance perspective, these improvements lower operational downtime risks, potentially leading to better rates on commercial property insurers.
Implementing smart strategies can lower electricity costs by up to $5,400 annually, according to the U.S. Department of Energy, supporting long-term business savings.