February 12 2010|12.05 PM UTC

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Save Money: Tip of the Week, energysavers.gov

Category: Personal Finance, SavingsTags: ,

Take advantage of a government rebate program, through energysavers.gov, rewarding consumers and small businesses who buy qualifying ENERGY STAR appliances. Similar to cash-for-clunkers, consider this program cash-for-appliances.

Rebates vary by state, and the dollar amount per qualifying appliance can range from $50 to $250 USD according to energysavers.gov. Also, the rebate may be combined with a federal tax credit for the same product as well as a local utility rebate. In short, this series of rebates coupled with overall reduction of energy cost could lead to a major amount of cash.

Imagine the reduction in overhead costs for small businesses that energy savings can generate. Overhead for a small business includes lighting, heating and cooling, and power for office appliances such as computers. Money saved on these utility costs can then be redirected into generating business or completing projects.

The simplest solutions can amount to large savings. For example, compact fluorescent lamp (CFL) lighting uses 75 percent less electricity to operate and the bulb itself lasts up to ten times longer than others.  According to the Environmental Protection Agency, businesses that ranked as top performers across all businesses nationwide in reducing energy costs – known as Energy Star Leaders – saved more than $48 million in 2009 across their commercial building portfolios.

Other aspects of business costs to consider include credit lines and communication costs – cell phone bills. After all, you can’t set up that lunch meeting with a potential investor without charging it to the company card and setting the meeting via your mobile. BillShrink for business can streamline these costs for you by choosing the best credit cards and mobile plans to suit your needs.

Want to learn more about saving money for your business? Let BillShrink for business do the work for you!

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