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September 15, 2007

What's the real cost of building green?

I've been covering green building for a long time now, and one of my pet peeves is hearing people complain about how expensive it is. The assumption that green costs more -- sometimes a lot more -- and consumers just won't pay for it.

It's simply not true. In fact, recent studies show that people think the cost of building green is three times more than it really is! Such overestimates cause slow adoption by builders of good, affordable green-building practices.

Sure, some things (take onsite renewable energy, like solar) cost more. But loads of anecdotal evidence, theoretical modeling, and real life data, such as a study done by green consultants Davis Langdon Adamson, show that green buildings don't have to cost more in theory and usually don't in reality. The US Green Building Council has done numerous studies that have shown that the increased cost in meeting LEED standards is between zero and 3 percent.

Unfortunately, there's just not enough good, consolidated and well-analyzed data about the real cost (and performance, for that matter) of residential green buildings, as there is about commercial green buildings.

I'd like to see builders submit real cost data on their homes as part of the requirements of the new LEED for Homes Program, or any number of other green building initiatives in the country. Anyone involved in the green building industry knows that green doesn't have to cost more, but it's hard to convince people without good data to backing you up.

What has been your experience building green homes? Have you done so with minimal additional cost? Have you backed away from it because you thought you couldn't sell it? I'd like to hear your own story about it. Let me know how you deal with this myth.

Posted by Stacy Hunt at September 15, 2007 9:51 AM

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Comments

We just bought an energy efficient front load washing machine from Lowes and it also happened to be their least expensive. That's proof right there that green goes a long way in saving money. We also use green cleaning products that cost very little money. Things like vinegar and baking soda. It's an attitude that something new and energy efficient must just naturally cost more when just the opposite is true.

Posted by: Mary Kelly at October 10, 2007 7:10 AM

The real costs are much higher than they need to be! However, it's because people try to add it to homes that are already complete.
Smart builders will build with the latest technology from day one. It keeps the costs down when compared to retrofits and most new products have the best warranties, in order to break into the market. Some even qualify for grants and finance programs. The real cost problem is that the builder doesn't want to change from his old 'nail banging' ways.
HEY BUILDERS - HIRE A NERD!

Posted by: Old Wolf at October 24, 2007 10:21 AM

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