Reducing Retail Companies’ Energy Costs Boosts Net Profits

Grocery Energy Conservation

While we know that big-box retailers waste a lot of unnecessary energy and that by reducing their energy costs they’ll boost their profit margins, looking at the numbers is still staggering. According to ENERGY STAR:

Retail companies spend nearly $20 billion on energy each year…

  • A 10 percent reduction in energy costs for the average full-line discount retailer can boost net profit margins by as much as 1.55 percent and sales per square foot by $25.
  • A 10 percent reduction in energy costs for the average limited service restaurant can boost net profit margins by as much as 4 percent and sales per square foot by $17.
  • A 10 percent reduction in energy costs for the average supermarket can boost net profit margins by as much as 16 percent and sales per square foot by $44.

Places like Hawaii where energy costs are $.30-$.40/kWh—higher than average—can achieve savings even higher than these numbers.

To reduce your energy costs, the best action to take is to request a free building audit from Legend Power. The building audit quickly identifies facilities leaks, voltage optimization issues and utility overcharges.

Learn how the Legend Power Electrical Harmonizer-AVR can save you money.