The report, 'Green Buildings and the Bottom Line', in the US publication 'Building Design and Construction (BD+C)' found that the US green building standard, LEED, is an established, respected development tool in Canada and the United States, and the cost premium for LEED certification is actually quite low, and can be paid back in a few years by lower energy costs and other savings.
The report cites studies finding an average cost premium of just 1.84% for LEED Certified buildings, from a low of 0.66% to a high of 6.5% for LEED Platinum. “Many projects achieve sustainable design within their initial budget, or with very small supplemental funding.”
Experienced builders using integrated design and off-the-shelf solutions - such as low-e glazing, “cool” or vegetated roofs, energy-conserving lighting, dual-flush toilets, low-demand landscaping, and grey water irrigation - could readily bring in even the most sophisticated projects at a cost owners and developers can be happy with.
With the business case becoming clearer, developers, property investors, building owners, real estate investment trusts, and pension funds are also turning their investment eyes towards sustainable building projects.
The report examines bottom-line issues of green building across a wide range of building types and sectors – industrial, commercial, educational, health-related and residential. It concludes with 10 constructive recommendations—an “Action Plan”—for consideration by stakeholders in the green building movement.
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