Question: Are there reasonable ways to bring renewable energy to my small business?

Answer: Of course! In North America, we have access to things like solar panels from Lowe’s or Home Depot. In fact, Britain’s Ikea also just started selling solar panels in their stores on Monday!

 

While it may seem costly to start up different methods of renewable energy for your building, it’s important to factor in the savings long-term on your energy bill. With options from geothermal heat pumps for heating and cooling to installing solar panels for renewable energy — it really depends on what you want.

Canada has a diverse mix of renewable energy resources including hydro, wind, solar, biomass and tidal power — tapping into it only makes sense!

There are retail options

Home-furnishing giant Ikea is making headlines this week for being the first ‘mainstream retail company’ to sell environmentally sustainable solar energy systems at their stores, according to Headlines & Global News. They’ve started in the UK and have plans to offer renewable energy worldwide.

“A standard, all-black 3.36 kilowatt system for a semi-detached home will cost 5,700 British pounds ($9,200) and will include an in-store consultation and design service as well as installation, maintenance and energy monitoring service,” reports Huffington Post.

For an average home in Britain, the renewable energy investment should be made back in about seven years, Ikea chief of sustainability officer Steve Howard claims. This means that the clean energy the solar panels produce will be free after seven years!

Those waiting for Ikea to bring this service to North America, don’t worry — Lowe’s and Home Depot do already sell solar panels.

Canadian’s also have the option of using Bullfrog power for their businesses, home and transportation. This green energy company offers renewable energy to power your buildings. Alternatively, there’s also Urban Green Energy.

Though pricey to install, for heating and cooling renewable energy, there’s the geothermal heat pump that has also been gaining in popularity. Starting up your very own rainwater collection system is also an option!

When money to go green is an issue

Back in 2010, TD Canada Trust launched their “open for business” financial service in efforts to help get renewable energy projects off the ground, according to Newswire. They had set out to help small businesses and retailers with financing with their Ontario Power Authority approved microFIT program.

There are also incentives and rebates for businesses that are energy efficient. Check to see if you qualify for them!

 

Image credit: ASU Provost Comm Group