Taking your company green, like any other process, will take time and investment. A lot of eco-friendly buildings, for example, are now being built from the ground up, but many businesses–particularly small companies—are holding on to existing facilities, lighting and equipment for as long as possible.
One of the reasons business owners are reluctant to upgrade is it may take a period of months before they see a return on their investment. Many small businesses—understandably—want to see equipment pay for itself as soon as possible. “Companies want o see an impact on their profit margin immediately—not over a period of five years,” Hlava says. “As a consultant, I have to be able to demonstrate the cost of replacement will translate into savings.”
The savings have been pretty dramatic for Colsa’s larger customers. A typical large grocery store may have six to ten walk-in coolers, with an average of about 30 fan motors total. Colsa recommends the motors that circulate cold air be replaced with energy-efficient models. The savings: $125 per year per motor. Percentage-wise, that’s 67%. This company will see those motors paid for in savings within two years—sometimes less.
Hlava says smaller companies usually see the returns even faster. Small companies are offered healthy rebates for investing in energy-saving equipment and may see the investment pay off within six months.
In our next blog, we’ll take a look at other ways equipment and lighting upgrades save businesses money.