Turning a business into an eco-friendly operation typically means raising initial costs, but it will benefit the business in the long run—Toronto’s Beach Solar Laundromat is a prime example of that.
The laundromat’s 70-year-old business experienced a heating system overhaul in 2002/3, in which eight solar thermal panels were retrofitted. The solar panels now heat the laundromat’s water, which has reduced natural gas and electricity consumption by 30%. Not only is the Beach Solar Laundromat making for a greener planet, it has seen a 160% increase in revenue! Springwise puts it wisely, “Clean up your energy and the cash will follow.”
What's Driving This Trend
- Eco-friendly Business
- More businesses will adopt eco-friendly operations to benefit in the long run and reduce their carbon footprint.
- Renewable Energy
- The use of renewable energy, like solar thermal panels, will continue to increase in various industries to decrease natural gas and electricity consumption.
- Sustainable Business Models
- More businesses will adopt sustainable business models to reduce operational costs and increase revenue.
Who This Affects Most
- Laundry and Dry Cleaning
- The laundry and dry cleaning industry has the opportunity to adopt renewable energy sources, reducing costs and increasing revenue, while benefiting the environment.
- Small Business
- Small businesses can adopt sustainable practices, like implementing solar thermal panels, to benefit their business and the environment.
- Green Energy
- The green energy industry has opportunities to provide renewable energy sources to different industries like laundry and dry cleaning, helping them reduce operational costs and increase revenue, while reducing their carbon footprint.
