5 Reasons LEED Certification Makes Business Sense

5 Reasons LEED Certification Makes Business Sense

Everywhere you turn there’s a new green or sustainable building springing up.

But what does that mean and who gets to decide what makes one structure more green than the next?

LEED, which stands for Leadership in Energy and Environmental Design, is a building rating system that enables building owners to identify, choose, and implement green building solutions and practices.

It’s designed specifically to reduce negative environmental impact while simultaneously increasing profit.

The LEED framework has been instrumental in the development and certification of sustainable buildings and communities in over 135 countries.

In North America aline, over 242 million square meters of space have been LEED certified.

But going green comes at a high price…

Depending on the project size, LEED certification can cost anywhere between $2,250 and $22,500.

So, the question is:

Does attaining LEED certification make sense for your project?

Let’s take a look at a few reasons why it actually might…

1. Marketability

When you make the effort to have your project LEED certified, you’re ensuring that your building is marketable over the long term.

How?

Green buildings are often held in high esteem by members of the community because they are safe, clean, and promote positive environmental consciousness.

And because of their efficiency, LEED certified buildings often boast a higher resale value than non-certified buildings.

2. Low Operating Costs

One of the main reasons many building owners and managers build or modify structures to LEED standards is that it can result in low operating costs.

These buildings save energy, use less water, and incur low utility bills.

In fact, USGBC reports that operating costs can decrease by about 14% for new construction and 9% for existing structures.

3. Financial Incentives

Getting your project LEED certified can help you reap financial benefits as well

Not only will your ROI improve, but you’ll also be eligible for tax breaks, lower interest loans, and grants and subsidies

4. Highlights Leadership

Making the choice to get LEED certified will also bring your leadership skills to the fore

By taking initiative and providing a safe and environmentally friendly space for the community to enjoy, you’ll have the opportunity to show how much you care about the community’s well-being and about the environment.

5. Low Vacancy Rates

In most cases, the greener the building, the fewer the vacancies.

As the general public receives more information about the benefits of green practices, they’re becoming more inclined to use green buildings as their homes and offices.

For example, the vacancy rate in San Diego is 4% lower in green buildings than it is for non-green buildings.

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