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Vol.3 , No. 1, Publication Date: Apr. 10, 2018, Page: 41-46
| [1] | Michael Edwin Canes, Energy and Environment Group, Logistics Management Institute (LMI), McLean, Virginia, USA. |
Analysts have examined the economics of high-performance or “green” buildings. The literature indicates that such buildings obtain higher rentals and sales prices than comparable “standard” buildings. Fewer analyses examine the incremental costs of investing in green versus standard buildings. Even fewer examine the cost to move beyond one green standard to another. This paper estimates the costs of achieving ASHRAE 189.1 versus LEED standards for four standalone US government buildings. It isolates and costs the added requirements of 189.1 and compares the total to the buildings’ construction costs. Because little if any information exists on the incremental costs of investing to attain a greener standard, the paper makes a unique contribution.
Keywords
Green Buildings, Green Building Standards, Incremental Costs of Green Standards
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