Economy, Research
Posted on 19 November 2009 by Yetsuh Frank
Our report on the cost of building green in NYC is now available to the general public, here. (Registration required.)
I encourage you to take a look. You cannot typically describe statistical analysis as dramatic, but this is. After years of hearing about how expensive green building is, how unreachable it is in projects where it isn’t mandated or subsidized, we have data that simply flips this notion on it’s head. There is no cost difference between LEED and non-LEED High-Rise Residential or Commercial Interiors projects. None. It’s a game changer in terms of the cultural conversation around green buildings.
Sweet- does this mean, you ask, that photovoltaic panels are free? No. The lesson of this report is not that green features are always cost neutral, many of the systems we typically find in a green building are more expensive. The lesson is that buildings are (surprise!) expensive, complicated and often unique- and most importantly that projects of similar type can choose to achieve LEED or not within the same budget. In other words, the determining factor of whether you bring your project in on budget is not whether you pursue LEED or not. It is simply a matter of priority.
Don’t believe me? Argue with the data.