3 Ways Your Business Can Make Money by Becoming Environmentally Conscious

Being environmentally conscious is no longer a choice that only the few elite with means to do so can accomplish. In fact, many businesses are viewing environmental friendliness as both socially and economically beneficial. So, what are three ways that your business can actually make money while also being environmentally conscious?

• Making The Choice To Go Solar
• Recycling Scrap Metals
• Eliminating Or Charging For Single Use Materials

Making The Choice To Go Solar

While solar panels are often sold as a savings tool, they can also be viewed as a money making tool. The amount of time between a solar system being turned on and the date it pays for itself through savings is typically viewed as the payback period often expressed in years of months as a return on investment. After this period, the solar system is actually a capital generating asset for the company. This is seen through the power bill savings as well as in any renewable energy attributes that you may be able to sell such as Solar Renewable Energy Credits (SRECs). Additionally, buying a solar system can be used as a tax tool due to the 30% Investment Tax Credit (ITC) available on the total cost of a solar installation.

Recycling Scrap Metals

While some see garbage, others see a new potential revenue stream. This is especially true when it comes to businesses which generate a great deal of scrap metal such as manufacturing based companies. Industrial roll off services will actually pay you for your scrap metal. The process is generally simple. The collection company first drops off a large collection container. The, it gets filled with scrap metal. Finally, the company picks up the container and pays you for the scrap metal based on its weight and the type of scrap metal.

Eliminating Or Charging For Single Use Materials

Many businesses rely on cheap, single use materials to run their day to day operations. The most common of these are plastic products such as containers or bags. To help address this expense and become more environmentally friendly, consider either charging for bag use or eliminating plastic bag use from your storefront altogether. This will encourage customers to use reusable bags which will both save you money and help to protect the environment.

Making money and helping to preserve the environment don’t have to be mutually exclusive. By implementing one or all of these tactics, your business can be well on its way to improving its bottom line while also looking out for Mother Earth.