Whether you are running a small, medium, or large manufacturing company, it is crucial to take advantage of any opportunity that seeks to help you save money on your energy bills. When it comes to implementing measures that will help you to save on energy bills, there are short-term strategies that are implemented almost immediately and long-term initiatives that will work for your business in the long haul.
One such strategy is investing in an energy audit. What energy audits do is reveal how you use your electricity, If there is any wastage, and basically, give a detailed account of where all the money you are using on energy is going. Having such knowledge will enable you be more energy efficient, hence saving a good amount of money.
What is an energy audit?
An energy audit is an assessment and analysis of a facility’s energy consumption that indicates how and where a reduction of energy consumption can be implemented so as to save on costs. It, also,highlights the efficiency of the energy source as well as various conservation strategies that can be put in place.
Reasons to invest in an energy audit
The cost of energy has skyrocketed over the past few decades.As such, businesses can be at a considerable riskif business owners take the time to remove the guesswork out of energy usage.
As much as energy audits can be costly, they are essential for any business. That is why we have seen a rise in companies like iSelect that offer energy consumers a variety of energy plans.
Below are some of the reasons you should invest in an energy audit for your business
- Energy audits ate the best way to identify where there is a wastage of energy in your facility.A recent study showed that both residential and commercial buildings accounted for at least 10% of carbon emissions in the United States. This is to show that the energy sources used are inefficient and some of it goes to waste.
- With an energy audit comes advice from professionals on how to be energy efficient. You may be asked to produce two or more of your recent bills to the energy experts. The experts use these bills to ascertain that the bills are consistent with the market rates and also check for any overcharges or wastage.
- An energy audit allows you to better conserve energy. Lower energy consumption is bound to bring down the energy cost. Further more, less energy consumption is good for the environment.
All in all, the objectives of an energy audit will vary from one facility to the other. Some facilities will not conduct an audit to get ways of minimizing their energy usage but to evaluate the effectiveness of an existing or newly installed energy source.
Also, there are two types of industrial energy audits namely:- a preliminary audit and a diagnostic audit. The type of energy audit a facility chooses depends on their function, size and the magnitude of savings they want to make on energy.