Power factor is one of those things that many people don’t think about until there’s an issue. But it’s pretty important stuff, especially for businesses. The facts are, if you have a low power factor, it means you’re paying for more electricity than you’re using. See, there’s this thing called reactive power that doesn’t do any actual work, but your utility still charges you for it based on your total power usage. So if your loads are inductive like motors, transformers, fluorescent lights and so on, chances are your power factor could use some correction. Capacitor banks can help offset that reactive power and get you back in line. The benefits? You’re only paying for the real power you use instead of that wasted reactive stuff. Your electrical equipment runs cooler and more efficiently. And you avoid potential issues like voltage drops, overheating, and premature failure of components. Now, whether you need power factor correction depends on your specific situation. But it’s something worth looking into, especially for larger facilities. A little investment can pay off big by lowering utility costs and avoiding headaches down the road.