Benefits of Going Green In The Retail Industry

"Going green" is a term that's becoming more and more common in the retail industry. With the impact of civilization being seen and felt throughout the world, both consumers and companies are looking for ways to reduce their footprint. Going green refers to the process of taking a conscious approach to your actions and how the affect the environment. For a list of some of the top benefits of going green in the retail industry, keep reading.

Benefit #1) Reduces Overhead

One of the most notable benefits of going green in the retail industry is the reduced overhead costs it provides. If your store currently uses incandescent bulbs as its primary source of lighting, perhaps you could switch them out for compact fluorescent lighting (CFL) or light-emitting diode (LED) bulbs. Both of these alternatives are more energy efficient and will ultimately reduce your monthly electric bill.

Benefit #2) Attract New Customers

Of course, going green with your retail business will also attract new customers. The fact is that many consumers today are taking a proactive approach towards their shopping. If a store doesn't follow and practice environmentally friendly operations, the consumer may avoid them. Don't let your retail business suffer from this problem; use environmentally friendly practices to attract this demographic.

Benefit #3) Tax Breaks

You might be surprised to learn that going green with a retail business can yield some lucrative tax benefits. With the federal government making strides to encourage environmentally friendly practices, business owners can earn some valuable tax credits for making environmentally friendly changes to their operations.

Check out the official energy.gov for more information on green tax credits for businesses. It outlines exactly which modifications and changes provide tax credits and which ones don't.

How To Go Green With Your Retail Business

• Install energy-efficient lighting (LED or CFL bulbs)
• Install weatherstripping around doors and windows
• Use recycled materials
• Reduce water usage
• Change air filter at least once a month
• Install high R-value insulation
• Use natural light whenever possible
• Hire an HVAC technician to inspect your store for thermal leaks

The Bottom Line...

Going green with a retail business is a smart decision that offers several different benefits. While many business owners do it for the sole purpose of saving money, it ultimately brings in more customers. Follow the tips listed above to create a more green, energy-efficient environment at your business.