2011 U.S. Small Business Energy Survey

THE U.S. National Small Business Association (NSBA) released its 2011 Energy Survey this week which revealed the concern most SMEs have over energy costs.

Among the key findings: rising energy costs weigh heavily on the majority of small businesses with 87 percent reporting negative impacts on their business. This is likely driving the fact that, over the past three years a whopping 82 percent of the small-business owners surveyed say they have taken one or more steps to reduce the amount of energy their business consumes.

“In this difficult economy, volatile energy costs pose a significant burden on small businesses,” stated NSBA President Todd McCracken. “Unfortunately, it is a cost over which they have little to no control, making enhanced [energy] efficiency a top priority.”

The 2011 survey, while providing a snapshot of the new and emerging landscape of energy efficiency for small business, also provides look-backs to the NSBA 2009 Energy Survey. In the past two years, there has been an increase in awareness of government- and utility-sponsored efficiency programmes and a notable jump in the number of small businesses utilising the Leadership in Energy and Environmental Design (LEED) certification programme.

Underscoring the important role energy costs play in a small business, 92 percent of survey respondents report they are concerned about the future energy costs of their business. Even so, there has been only modest growth in businesses that have made energy efficiency upgrades.

“Among small-business owners who have taken steps to reduce their energy, 88 percent cite cost as the primary reason,” stated Larry Nannis, CPA, NSBA chair and shareholder at Katz, Nannis + Solomon, P.C. “Unfortunately, an overwhelming number, 40 percent, say that capital availability is the main obstacle to becoming more energy efficient.”

Download full report here.

Picture of Third Edition Offices by dbking reproduced under CCL.

Thursday 27th October 2011

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