The Benefits of Renewable Energy for Businesses

It’s no secret businesses are always looking to embrace sustainability and reduce their environmental impact. One of the most effective ways they can do this is by switching to renewable energy.

Not only does renewable energy help protect the climate, but it also offers a range of benefits for businesses, from cost savings to improved brand reputation.

In this blog, we’ll dive into renewable energy, why it’s important for businesses, and how you can switch.

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What is Renewable Energy for Business?

What are the Benefits of Renewable Energy for Businesses?

How to Transition to Renewable Energy

What is Renewable Energy for Business?

So, what exactly is renewable energy? At its core, renewable energy is power that comes from natural sources—like wind, sun, rain, tidal and geothermal heat. Adopting renewable energy is becoming more critical for businesses as the global shift toward sustainability accelerates. It’s no longer just a "nice-to-have"—it’s a wise business decision that can make a real difference!

There are several types of renewable energy that businesses can tap into. Wind and solar energy are the most common, with some companies going as far as installing solar panels to help power their operations.

Switching to renewable energy doesn’t have to be complicated. Plenty of reliable energy suppliers offer tariffs with 100% renewable or green electricity sources specifically designed for businesses.

By changing your energy provider, you can ensure that your business’ electricity comes from renewable sources—no need for installations or complicated processes.

Renewable Energy Guaranteed

Ofgem recognises energy suppliers with a Renewable Energy Guarantees of Origin (REGO) certificate for every 1,000 units (or one megawatt hour) of renewable energy they produce.

When a UK business chooses an REGO-backed electricity plan, they can report zero emissions. They may be able to gain support from the UK government and can feel reassured that the electricity they’re buying comes from renewable sources.

Installation and Transition

For businesses ready to explore generating their own renewable energy, options like solar panels or ground-source heat pumps are great choices. There will likely be a high initial cost, but businesses can work with suppliers on installations or take advantage of various green grants and loans available across the UK to help with expenses.

What are the Benefits of Renewable Energy for Businesses?

1. Cost Savings

While renewable energy can involve some upfront costs, it can also offer long-term savings for businesses. As traditional energy sources like gas, oil, and coal are limited, for some, prices have steadily risen in recent years. Switching to renewable energy can help reduce energy bills and provide more stable, predictable costs.

Solar energy, for instance, allows businesses to store excess power with a battery system, which they can use when the sun isn’t out. Systems like solar panels usually require minimal maintenance during their lifetime, with fewer repairs and lower ongoing costs compared to traditional energy systems. Businesses can even sell surplus energy back to the grid, turning savings into extra income.

2. Improved Corporate Social Responsibility (CSR)

More than ever, customers are looking to support businesses that are genuinely committed to sustainability and making a positive change to our environment. By switching to renewable energy, your company can build a stronger reputation, boost brand loyalty, and attract eco-conscious consumers.

A recent report shows that 70% of consumers expressed the importance of buying from environmentally responsible companies. In fact, 38% said being environmentally responsible was "very important" to their buying choices. Simply put, the energy you choose directly impacts how positively your audience sees your business. Going renewable isn’t just good for the planet—it’s great for your brand too.

3. Regulatory Compliance

With the UK Government’s increasing focus on sustainability, larger businesses that meet the qualification criteria of initiatives such as the Energy Savings Opportunity Scheme (ESOS) must understand and fulfil their energy reporting.

Switching to renewable energy is a great way to ensure your business stays up to date on compliance regulations while also unlocking some great benefits. Take advantage of government incentives, rebates, and tax breaks, making the move even more rewarding. By embracing renewable energy, you're positioning your business as a leader in sustainability.

4. Attracting Eco-Conscious Customers and Investors

Attracting eco-conscious customers and investors is more important than ever, and sustainability isn’t just a passing trend—it’s something people really care about when making decisions.

By switching to renewable energy, your business can stand out from the competition and appeal to those who value making a positive impact on the environment. Whether working with other companies or directly with consumers, showing you’re committed to going green can help you win their loyalty.

How to Transition to Renewable Energy

1. Evaluate Your Current Energy Use

Before switching to renewable energy, it’s important you understand how much power your business uses.

An energy audit can show you where you’re wasting power and where you could be more efficient. This will help ensure any renewable energy system you choose suits your needs perfectly.

2. Choose the Right Supplier for Your Business

Many energy suppliers now offer renewable and green tariffs tailored for businesses. It’s worth comparing prices, contract terms, and the amount of renewable energy included in each option to find the best fit for your needs.

We can help you find great renewable energy deals, but be sure to check your contract terms before making a switch. If you're outside your renewal window, there might be exit fees, but if you're paying a high rate, it could still be worth it.

The good news? Switching suppliers is easy. The process usually takes 4-6 weeks, with your new supplier handling everything. All you need to do is provide a final meter reading on the changeover date!

In Conclusion

Switching to renewable energy has plenty of perks for businesses, like saving money in the long run and improving your brand’s reputation. With sustainability becoming more important, it’s a great time to reduce your environmental impact and stand out from the competition. Whether you opt for a renewable energy tariff or install your own system, now’s the perfect time to move toward greener solutions.

If you’re ready to switch to renewable energy, we’re here to help. Get in touch or use our handy comparison tool, and we’ll start negotiating prices for you!