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Unlocking Energy Savings as the New Year Begins
The start of a new year is a prime opportunity for companies to assess their goals, especially in terms of cost savings and energy efficiency. With energy expenses representing one of the most controllable operational costs, mid-sized businesses in the Greater Phoenix area are increasingly turning to strategic programs like the SRP Business Solutions Program to optimize their energy usage and save significantly.
Maximizing Rebate Potential
Under the SRP program, businesses using over 300,000 kilowatt-hours per year can qualify for rebates up to $300,000 annually. The program engages dedicated Strategic Energy Managers (SEMs) who conduct audits and site visits to pinpoint inefficiencies. Insights from these audits can guide businesses in making informed decisions about energy upgrades, particularly during annual assessments that align with New Year resolutions.
Identifying Common Inefficiencies
Energy inefficiencies can often be found in typical areas such as lighting and HVAC systems. According to Shane Plein, an SEM for SRP, simple upgrades like LED lighting can yield substantial rebates, averaging between 25 to 35 cents per watt reduced. Similar attention should be applied to HVAC systems, where mismanagement can lead to unnecessary energy consumption, especially when these systems run overnight after business hours.
Benefits Across Sectors
What’s notable about SRP’s offerings is that they cater to a diverse array of industries, ensuring that energy-efficient solutions are not limited to just one sector. Hospitality to family entertainment businesses have all reaped the benefits of tailored energy solutions provided by the program. Custom projects are designed collaboratively to meet the unique needs of each business, which is vital amid rising energy costs that are expected to continue well into 2026.
Staying Ahead of Energy Market Trends
Amid rising energy prices that are forecasted to remain elevated through 2026, proactive energy management becomes a critical strategy for businesses looking to sustain profitability. Companies that adopt energy efficiency measures can expect to see savings between 18 and 35 percent in 18 to 30 months. The earlier they start implementing these strategies, the more resilient they’ll be against the looming volatility in energy costs.
On-Site Support and Ongoing Assistance
An attractive feature of the SRP program is the accessibility of SEMs. They are not just one-time consultants; these experts are available throughout the year to provide ongoing advice and support for energy-efficient practices. A simple phone call can initiate further audits or lead to immediate changes that significantly reduce energy expenses.
Concluding Insights on Energy Efficiency
As mid-sized companies consider their operational goals for the year ahead, making energy-efficient adjustments should be at the forefront of their strategy. Partnering with energy providers for rebates and insights not only enhances profitability but also champions sustainable practices. By focusing on energy efficiency, businesses can protect their margins and contribute positively to both the economy and the environment.
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