Calculation of total, comprehensive energy costs for your a home or company is going to involve estimates.
The best way to do this is to err on the side of caution. If you’ve been operational for the past year, look at how much you spent in energy, and when. If you haven’t been operational a year, you’ll need to find ways of collecting this data.
Generally, if you’ve got a utility bill, you can get an idea of how much energy you’re using, but this may not necessarily tell you when you’re using it. There are options available that can help you determine at what times throughout the year you use the most energy. A yearly consideration is key here.
In a fiscal year, there are four quarters. A business will have a common baseline of energy usage, but depending on what that business’s core specialty is, there will be peaks at varying times in a given quarter. For companies that provide summer solutions, summer business spikes are to be expected. For those selling gift items, holiday spikes are to be expected.
Generally, you should see an increase in energy costs which coincides with increased business, or increased utility use. That is to say, the more business a company does, the more energy it will use. Get HVAC systems installed properly, because how systems are installed also affects energy use. But there’s something else to consider here, and that’s expansion.
Transitions With Time
Regardless of how accurate your energy measurements are, baselines are likely to change for personal and business use. You want to have an “average” number, and you want to plot expansion. Year over year, business and residential energy use are going to cost more.
For example, if you’ve got a young family, the children will grow older, they’ll use more devices, take longer showers, get on the internet more, and the list goes on. Also, energy rates in a given community can shift. This may predicate switching up energy plans for your home or business.
Through EnergyBot you can compare varying energy plans and make a switch when that makes the most sense. It may develop that your best option is to install your own energy options on your property.
The Solar Option
Have you considered solar energy? It’s about a dollar a watt to acquire when the dust settles, and once installed, it will last you about ten years. Here’s how that breaks down: a 100-Watt panel costs about $100. Hookup cables, batteries, and surge controllers will expand that cost to between $150 and $400, depending on what sort of equipment you buy.
A 3.5 kWh solar energy system will cover the majority of energy needs for smaller homes. That’s $3,500 in solar panels and around $1,500 in terms of setup equipment. That’s if you set everything up yourself, which is a matter of getting the right equipment, plugging it in, and mounting it. Installation costs about $10k for a 3.5 kWh option if you don’t do it yourself.
Such a solar energy system will offset residential and business energy bills quite nicely, increase property value, and may even net a tax break—through such tax breaks aren’t going to stay on the books perpetually. If you can cut a $110 energy bill in half every month, inside ten years you’ll save $6,600 in electricity alone. Eliminate it, and solar actually puts money in your pocket.
Additional Options, And Getting The Best Energy Solutions
There are wind energy options, water energy options, and massive tax breaks for massive solar energy installations. What it all boils down to is this: what are you spending now, and what options are out there? Consider projected costs over a decade, weigh pros and cons, and choose appropriately. Do this right, and you could turn losses into profit over time.