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Conservation business seeks to save other business owners money
"Rising energy prices in Tacoma, and the possibility of higher prices in Federal Way have one local man working overtime to help people conserve. Jim Coonan, who owns Energy Mizers, a consulting firm with offices in Tacoma and Federal Way, said he can often save a business or a homeowner 10 to 50 percent on an electric bill. For 20 percent of what a business pays in an average monthly power bill, Coonan will evaluate all appliances, lights and other machinery in a workplace. He will write a detailed report on what that business is spending for its power and lay out ways the business can cut back. His reports then promise to save between 10 percent and 50 percent on the company's power bills. His claims are insured so that if the company follows his guidelines and he is wrong about the savings, the company will receive compensation for the savings it didn't receive. Coonan said he works with 150 different companies that produce energy conservation products. He can recommend anything from an entirely new lighting system to products that match the flow of energy from the source to the machine using the power so extra energy is not wasted. Generally, people haven't cared much about the cost of electricity, Coonan said. But now they are screaming. The days of cheap electricity are over. I believe that once the surcharge goes in, it is not coming down.Most of the equipment a company must buy to better regulate its energy use will pay for itself in three years, but last 20 to 40 years, he said. He also has a program that allows a company to lease equipment for five years and then buy it for $1 at the end of the lease. In addition, Tacoma Power has programs to loan businesses money to buy energy saving equipment at zero percent interest for 10 years, which means a company would make money by converting to energy saving equipment, he said. "