BUSINESS FINANCES
How business finances can benefit from renewable energy choices
Around the world, governments are finally starting to take decisive action to combat climate change.
There is now significant pressure on the energy companies to turn toward renewable energy choices and away from finite resources that produce the carbon dioxide responsible for global warming.
While the initial cost of moving over to renewable energy can be off-putting to businesses, especially in the aftermath of the COVID pandemic, some incredible benefits come from making ‘greener’ energy choices.
Firstly, your reputation and public image in the industry and, most importantly, with customers will be enhanced. The issue of climate change is now deeply rooted in the public consciousness.
Research from Deloitte reveals that 23% of the public would actively switch to using companies making efforts to reduce their carbon footprint. That percentage is significantly higher in the 18-30 age range, which makes up a majority of future customers over the coming two decades. More customers means more money.
The other significant benefit of turning to renewable energy is the financial aspect. The costs of natural gases are on the rise, and renewable energy has become more affordable in recent years, despite some misconceptions.
The problem that some businesses may have when investing in renewable energy is the initial financial investment, which can be very high in some cases. However, the long-term economic benefits are immeasurable, and the return on investment will take time but will be impressive.
Renewable energy systems are also comparatively low maintenance, making them an excellent solution for commercial premises with a high footfall. Not only will these systems save you money on repairs, but their maintenance costs are also low and highly infrequent.
Here at 001, we offer advice on how you can improve your business finances in the long term by making intelligent, measured renewal energy choices today. If you would like to chat with one of our team, get in touch, and we will endeavor to help in any way possible.