1. What is an energy efficiency auditing company?
Energy efficiency auditing companies survey a building’s usage of energy and help to eliminate waste, thereby reducing utility bills and greenhouse gasses at the same time. It’s such a win-win situation that U.S. News and World Report cited this business as the best small business to start in their November 10, 2008 issue.
2. What required knowledge or skills are necessary?
Math, building/construction knowledge, and/or environmental science are key knowledge bases for starting this kind of business. A certification through the Residential Energy Services Network (RESNET) is considered a good seal of approval for auditors, and membership in this non-profit organization can help drive business to your company through its nationwide database. You’ll use some basic auditors tools like an infra-red camera and must be capable of providing professional looking documents to building owners, and to provide effective advice on solutions to the problems you find in people’s homes, so knowledge of appliances, wiring, and energy saving devices will also be important.
3. How much money is required to start?
$ (on a scale of $ to $$$$$). U.S. News and World Reports cited that there are a few important pieces of equipment to buy, as well as the training and certification, but that this business could be started for as low as $10,000.
4. What is the income potential?
$$-$$$ (on a scale of $ to $$$$$). Since this is a relatively new industry, it is hard to say what the income potential is. However, this is a fast growing area with a lot of market demand.
5. What is the best location for an energy efficiency auditing company?
Location is not important in starting this business, as you will be mobile and traveling to your customers.
6. Three best questions to ask yourself to find out if this business is right for you (if you can answer yes to all three, this business might be for you):
Are you analytical, good at math, and able to take a holistic view of something as complex as a building envelop?
Are you passionate about helping people save money and save the planet at the same time?
Are you in a position where you can start a business that might take 10-20 hours per week and not pay very much?
Interested in starting one in your community? Where do you begin? What permits do you need? Who is your target customer? How do you find them? What is the best use of your limited advertising dollars? What’s the best way to attract a great employee or volunteer? What does an average day look like? What strategic tips do veteran eco-entrepreneurs suggest for startups like you?
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