Businesses are responsible for more than half of the UK’s energy consumption, so it’s important every business looks to reduce the energy it uses and considers using renewable sources for its energy needs.
Why Small Businesses Should Go Green
The disadvantages of using fossil fuels have become more apparent over the past century. Not only are they a finite source of energy, but they’re also harming the environment, due to the release of greenhouse gases.
The need for developing renewable energy sources is far greater now, as fossil fuels will be depleted in the next 50 to 60 years.
UK businesses consume 56% of the UK’s energy. If more businesses switch to renewable energy, this could make a significant difference to the environment.
Plus, for businesses, green energy has other benefits. As well as being the quickest way to cut your carbon footprint, or becoming carbon neutral, renewable energy can be a very cost-effective option.
As a business, there are 2 main ways to use green energy;
- Switch to a Green Energy supplier
- Generate your own renewable energy
1. Green Energy suppliers
If your business does not own or long-term lease its premises but you still want to cut your carbon footprint, switching to a green energy supplier might be the best option for you.
Squeaky are a supplier that provide electricity through entirely renewable sources. Its platform allows businesses to purchase from generators in a cost-effective way, delivering a better deal for both parties.
All its electricity supply contracts are secured through Europe’s largest renewable generator, so it will only ever provide power from 100% clean sources.
Importantly, prices are very similar to regular suppliers, so helping to save the environment won’t cost the earth.
If you’d like to consider switching to using green energy, you can contact our Energy Partner, Make It Cheaper, and they will be happy to give you a quote for 100% renewable energy.
Simply, call 0800 088 6976, or go to ByteStart.co.uk/Compare to get started.
2. Generating Your Own Renewable Energy
If you own your business premises, you could consider generating your own renewable energy.
Financial Incentives for Going Green
Renewable Heat Incentive
The Renewable Heat Incentive (RHI) is a government scheme that has been set up to incentivise businesses to switch to renewable heat.
An eligible system will entitle you to quarterly payments over the course of 20 years. More information on the scheme and how to apply is available on Ofgem’s website.
Similar to RHI, payments are usually made quarterly, from the date your business becomes eligible, for the electricity your installation has produced or exported and are based on meter readings.
Renewable Energy Sources
Installing solar panels could be an option. One of the main benefits is the ability to produce free, green electricity for use at your site, meaning that you require less energy from the grid during daytime hours. Savings can equal thousands a year (depending on your normal bill).
Learn more about solar panel installation.
Biomass energy is generated by the burning or fermentation of organic material, such as straw, wood or other crops.
As well as on a national scale, biomass systems can also be installed in a business. Common installations include stove burners for heating rooms, connected with back boilers for heating water.
Although initial installation can be costly. with around £800 available per year in savings, it should pay financially.
More from ByteStart
ByteStart is packed with help and tips on all aspects of starting and running your own small business. Check out some of our most popular guides;
- 10 Advantages Running Your Business as a Limited Company Has Over Being a Sole Trader
- How to Set Up a Limited Company
- Which Types of Insurance Must Your Business Have?
Funding your business
- 5 Ways to Unlock Finance for Your Start-Up Business
- Finding Finance for Your New Business – Funding Advice for Start-Ups
- 7 Fundraising Mistakes That Will Stop Investors from Investing in Your Company
Accounting & Tax
- Sole Trader Tax – A Guide for Start-Ups & the Newly Self Employed
- Thinking of Going Self-Employed? The Key Finance & Tax Points You’ll Need to Get Right
- Guide to Bookkeeping for New Business Owners