Consumers have started replacing their incandescent lightbulbs with more sustainable options. Businesses are starting to realize the benefits of investing in LED lights. In addition to being more environmentally friendly, buying LED lights can help achieve the bottom line.
As a small business owner, you should consider the advantages of installing green lights to cut costs, improve your brand and creating a better ambiance.
Reduced Costs of LED Lights
LED lights cost more up front, but the cost savings are many times greater. There are two major economic benefits to using LEDs for your business:
· LEDs require less energy.
· They last much longer.
A number of institutions have conducted studies on the efficiencies of LEDs. Some sources state that LEDs are about 20 times more energy efficient than incandescent lightbulbs. Another study has shown that operating an LED cost less than $100 a year, while it would have cost more than $650 to operate an incandescent light. Whatever statistics you want to go off of, it is clear that LED lights save a considerable amount of money.
LED lights can last more than 40 times longer than an incandescent light. Time and money are both valuable commodities for small businesses. Do you really want to spend them replacing light bulbs instead of running your business?
Many consumers are interested in working with businesses that are concerned about environmentalism. You might be able to improve your brand image by creating a sustainable business model. Using LED lights may not be enough to brand your business as a sustainable company, but it can certainly help.
Incandescent bulbs give off the same amount of light whenever they are turned on. On the other hand, an LED you can make your lights brighter or dimmer. This gives you the flexibility to give off the appearance you want. Ambience is everything to many businesses. Use LEDs to take full advantage of it.
Sustainable Energy Grants
The Department of Energy and many other government agencies give businesses grants to purchase LED lights. These grants can be worth a considerable amount of money. The Michigan Department of Energy, Labor and Economic Growth awards small businesses a grant worth more than $200,000. Other government departments also give grants as part of the American Reinvestment and Recovery Act.
You can find a list of grants available at Grants.gov or researching individual government agencies for more information.
Do a Cost-Benefit Analysis Before Buying a Green Light
Many businesses are nervous to spend extra money on LED lights. Going with green lights can certainly cost you more money. However, the long term benefits are well worth the investment. Determine the long term costs and benefits that you will gain. You might be surprised by how well they will pay off for you.
Kalen Smith writes about green technology and Grow Lights to help businesses and consumers develop a more sustainable lifestyle.
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