Why Go Green?
Well quite frankly, it’s good for business, on many different levels. The most obvious benefit is companies that focus on reducing energy consumption not only help the environment, but also reduce their costs in the form of lower energy bills which are of course one of the major costs of running any business. Most commercial businesses can save around 80% on their lighting costs with the installation of LED Lighting alone!
Increases your Eco Reputation
Another benefit of going green will also help to enhance your brand reputation and increase your competitive advantage. If you are a particularly large business it shows a great display of corporate social responsibility (CSR) by flexing your green muscles to both clients and employees. Make your business’s efforts to go green a part of your marketing campaign by mentioning the green changes you have made, such as installing Solar PV, LED Lighting or Energy Monitoring systems to name a few.
This is 2017! Research shows customers are 55 per cent more likely to buy a company’s products or services if they know the company are socially or environmentally responsible and are even willing to pay more for it! Many customers have chosen a company over their competitors on their green credentials alone, it is practically expected!
Beat the Taxman
LED Lighting qualifies for Enhanced Capital Allowance (ECA) energy saving technologies allow businesses to benefit from tax breaks when investing in eligible energy-saving equipment, you can speak to your account about this or follow this link to HMRC.