When it comes to running a business, whether it’s commercial or industrial, everyone has an opinion as to what investments are the most valuable. Unfortunately, your budget and maybe even your finance team is quick to remind you that it’s not realistic or even helpful to jump at every new opportunity. That’s why it is so important to do your research and ensure that whatever investments you do make are worth the expenditure. This week we would like to share with you a return-on-investment you can trust, with real numbers and stats to back it up!
Short Term Returns
Mechanical insulation is designed to reduce energy use and operating costs. The London Courthouse in London, Ontario reported that insulation upgrades would save between $10,000 and $14,000 within a year. In the United States, mechanical insulation saves $4.8 billion in energy costs yearly. This dramatic reduction in energy usage, combined with the fact that insulation is one of the least expensive systems to install and implement means that cost recovery can typically be achieved a mere 6 months to 2 years after installation.
Green Infrastructure
Investing in mechanical insulation does more than just reduce monthly operating costs. Due to its contributions to green infrastructure and the shifting focus to environmentally friendly practices, both the Canadian and Alberta governments are getting involved. Alberta alone has been allotted $1.25 billion over ten years to put towards organizations that are making a special effort in the fight for a green and healthy planet. By utilizing mechanical insulation, as well as other green technology, your organization may be eligible for governmental cost-sharing.
Canadian Made
More and more Canadians are prioritizing the support of local workers and businesses over outsourcing to other countries. Insulation manufacturing is a largely Canadian affair. In fact, our insulation industry ships $600,000,000 worth of product every year. In this way, investing in insulation is not just saving you money on energy costs, it’s directly supporting our economy and our communities. According to one report, the Canadian insulation industry supports billions of dollars of economic activity each year.
Mechanical insulation may not be the most glamorous improvement, but it does have one of the quickest return-on-investments available on the market today. If you’re ready to rake in the savings and support Canadian businesses, contact our Calgary-based insulation experts today!
