As a business owner, you’re constantly looking for ways to optimise cash flow and improve your bottom line. So did you know you could receive a government benefit for installing a small scale renewable energy system?
Such systems pay for themselves in energy savings in a relatively short period of time but businesses now have the added financial incentives as part of the Renewable Energy Target. Participants who invest in, and generate, renewable energy may be eligible for financial benefits under the scheme.
Your broker can help you take full advantage of this, but there are many more ways investing in clean energy can get your business in the green.
Clean energy sources to adopt
There are a plethora of clean energy solutions available for all budgets and business sizes. Consider a combination of the below to grow a greener business:
Rooftop and ground-mounted solar systems
Solar hot water coupled with a heat pump
Demand management systems
Battery storage or energy arbitrage
Bioenergy and biofuels
How small and medium businesses can benefit from clean energy
Anyone needing a classic example of a win-win situation need only look at using clean energy: the energy user benefits, new jobs are created, the planet breathes a little more easily, and future generations will be grateful. In fact, make that win-win-win-win.
So what’s in it for a business switching to clean energy, besides the ‘feelgood’ factor?
Fulfil your corporate social responsibility. Today’s consumers care about the impact they’re having on the environment and choose the companies they support accordingly.
Lower energy bills. Whether you’re generating electricity for use in your business, or just feeding into the grid, or both, one thing is certain – your bottom line will thank you.
Fast return on investment. For solar panels, it’s estimated that it only takes between three and six years to recoup your capital outlay via reduced power bills. That’s a good ROI.
Less service disruption. You will always have a back-up source of electricity to keep your business running despite power outages.
Discounted rates on your utilities. Banks often offer businesses discounted finance rates on eligible clean energy equipment. Ask your broker how to take advantage.
Find out how you can keep your agricultural costs as low as possible. Discover tips to make agricultural finance work for you.
Original post by Bank of Queensland