Optimizing energy efficiency in buildings obviously saves money on utility bills, but there are several other ways that green initiatives can boost ROI.
Government programs
Several government programs (the Low-Income Housing Tax Credit program, for example) reward projects that have sustainability features and document energy reduction. Many states and local governments offer tax incentives for green building certification. Nevada, for example, offers property tax incentives for new and existing multifamily or commercial buildings that achieve a certification from LEED or Green Globes.
Access to better financing
Improved energy efficiency can pave the way to better financing. For instance, Fannie Mae and Freddie Mac have begun offering green lending programs (known as Green Rewards and Multifamily Green Advantage) that can translate into savings of up to 39 basis points for borrowers who commit to implementing energy efficiency or water efficiency measures.
Lease premiums
Many companies are concerned with corporate environmental and social responsibility, and consider energy and water efficiency when choosing to lease or purchase property. According to surveys, some commercial renters say they are willing to pay a premium for green office space.
Related Stories
| Nov 26, 2014
Cheyenne, Wyoming City Council kills downtown design standards proposal
The Cheyenne, Wyoming City Council voted down a measure that would have implemented design standards for new construction and building additions downtown.
| Nov 26, 2014
ASTM International develops first product category rules for asphalt roofing industry
The Asphalt Roofing Manufacturers Association (ARMA) and ASTM International have developed Product Category Rules (PCR) for asphalt roofing in North America.
| Nov 26, 2014
International Green Construction Code will include option for outcome-based approach
The outcome-based approach requires the building owner to provide the building’s utility bills for a 12-month period within three years.
| Nov 20, 2014
Pentagon is reviewing hospital construction standards
An independent review panel of military specialists met with healthcare leaders Nov. 12 to consider whether construction standards for medical centers should be strengthened to align with industry best practices.
| Nov 20, 2014
ConsensusDocs releases first standard agreement for commissioning contracting
The new standard contract provides a contractual vehicle for owners to save significant money from operation and maintenance costs regarding energy performance.
| Nov 20, 2014
Revamped zoning is transforming several New Jersey downtowns
The zoning policy shift could produce the biggest transformation of North New Jersey’s downtowns since the arrival of malls pulled shoppers away from town centers in the 1960s and 1970s.
| Nov 20, 2014
ANSI approves 2015 Wood-Frame Construction Manual standard
The American Wood Council's 2015 “Wood-Frame Construction Manual for One- and Two-Family Dwellings” (WFCM ) has been approved as an American National Standard by the American National Standards Institute (ANSI).
| Nov 17, 2014
AAMA releases new blast hazard mitigation specifications for vertical fenestration systems
This document provides a guide for manufacturers, architects/specifiers, contractors, and building owners for specifying types of systems and services to meet the requirements of blast hazard mitigation.
| Nov 17, 2014
National Roofing Contractors Assn. offers guide for LEED v4 provisions
National Roofing Contractors Association has released LEED v4: Roofing-related Provisions, a document that examines the roofing-related provisions of LEED v4.
| Nov 14, 2014
Army net-zero initiative moving past pilot stage
The U.S Army's ambitious net-zero initiative has had several successful pilot trials, and planners are prepared to expand the nine-part demonstration field to scores of other Army facilities.
