Cost of energy efficiency upgrades a hurdle for many firms

42% of firms surveyed for Pinergy's report by iReach Insights say upfront cost is the biggest barrier to energy efficiency measures

Solar power was among the most popular measures being introduced by businesses with 43% of the businesses surveyed saying they’ve had solar panels installed. Adobe stock

The cost of efficiency upgrades and the difficulty in securing financing for them are among businesses’ biggest hurdles to implementing energy sustainability measures.

According to a report conducted by iReach Insights, on behalf of energy provider Pinergy, 42% of businesses said the biggest hurdle to implementing energy efficiency measures was the upfront cost, while 29% said it was the difficulty in securing financing.