A new study shows that green buildings are far more expensive than they are made out to be, and that it may take longer than advertised for energy savings to cancel out costs.
Jeffrey Harris, a vice president at the pro-efficiency group Alliance to Save Energy, said these claims have a sturdy foundation in the laboratorys and in the real world. He pointed to the Energy Department's data on high-performance buildings, as well as other databases containing information on existing buildings. Engineers and green-building leaders, he said, 'are not breaking a huge amount of sweat in getting beyond 30 percent in code.'
He also had major question marks about the NAIOP study. He called the 10-year payback target 'an undershot,' since the savings of a green building continue as long as it's still standing. He also questioned the report's assumptions about electricity prices and the cost of certain 'green' features."
"[John] Bryant, [an] NAIOP lobbyist, disagreed. He said commercial building developers routinely make decisions based on a five-to-10-year payback period, and if green buildings broke even that quickly, builders would have erected more.
'We're looking at it from a developer point of view, when maybe some of the other groups aren't,' he said."
FULL STORY: Can Green Buildings Pass Payback Tests?
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
EV Infrastructure Booming in Suburbs, Cities Lag Behind
A lack of access to charging infrastructure is holding back EV adoption in many US cities.
Seattle Road Safety Advocates Say Transportation Levy Perpetuates Car-Centric Status Quo
Critics of a proposed $1.3 billion transportation levy say the package isn’t enough to keep up with inflation and rising costs and fails to support a shift away from car-oriented infrastructure.
Appeals Court: California Emissions Standards Upheld
The U.S. Environmental Protection Agency and the California Air Resources Board, the nation's two most powerful environmental regulatory agencies, won an important round in federal court last week. But the emissions standards battle may not be over.
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