Utility Bill Audit Overview
As a business owner, you know how important it is to keep your operating costs low. One area where you might be overspending without even realizing it is your electricity, natural gas, and water bills. Utility companies can make mistakes, and you could be paying more than you should be for your energy usage. That’s where a utility bill audit comes in.
What is a Utility Bill Audit?
A utility bill audit is a thorough review of your energy bills to check for billing errors, overcharges, franchise fee and sales tax exemptions, and other discrepancies. A SmartSave utility bill auditor analyzes your bills and usage patterns to identify areas where you can save money. Get a Savings Estimate Today!
Why Should You Conduct a Utility Bill Audit?
There are many benefits to conducting a utility savings review, including:
- Cost Savings: A utility savings review will help you identify overcharges and billing errors that could be costing you money. By correcting these mistakes, you can save a significant amount of money on your energy bills.
- Contingency-Fee: By working with SmartSave for your utility bill audit project, you can be assured that our review of your invoices is completely complimentary. If we are successful in uncovering refunds or future savings, we work together on a contingency-fee basis whereby we are only paid a percentage of the savings we uncover. Should we be unsuccessful in our pursuit of savings – no fee is owed.
- Peace of Mind: You will have peace of mind, knowing your energy bills are accurate and you’re not being overcharged. You can focus on running your business without worrying about unnecessary expenses.
How to Conduct a Utility Bill Audit
While you can conduct an audit yourself, it’s best to hire a professional auditor. A professional auditor has the tools and expertise to conduct a thorough review of your energy bills and identify potential cost savings.
Here are the general steps in a utility savings audit:
- Gather Your Bills: Collect all of your energy bills for the past 12 months.
- Review Your Bills: Look for any inconsistencies or errors, such as incorrect meter readings or overcharges.
- Analyze Your Usage Patterns: A professional auditor analyzes your energy usage patterns to identify areas where you can save money.
- Identify Cost Savings: The auditor identifies potential cost savings and present them to you in a cost reduction proposal.
- Implement Cost Savings: Once you’ve received the audit report, you can implement the recommended cost savings measures to reduce your energy costs.
Bonus Advice: It’s a great idea to setup a utility bill management system, such as Cass Information System’s Utility Bill Management System.
A utility savings audit helps you save money on your energy bills while also reducing your carbon footprint. By hiring a professional auditor, you can identify areas where you’re overspending and implement cost-saving measures to reduce your energy costs. Conducting a utility bill audit is an investment in your business that pays off in the long run. Reach out to a SmartSave specialist today – Contact Us