The building sector is one of the largest vis-à-vis energy consumption and production of carbon and other GHG. This is inclusive of all types of buildings, especially commercial as well as hospitals, schools and others. Therefore, retrofitting to improve energy efficiency has a plethora of advantages for the owners and occupants, which should be considered seriously.
Here are some of those claimed advantages-
1) Long Term Cost Saving
Even though the immediate cost might seem hefty, bearing the initial investment further paves way for greater savings by tipping down on maintenance and shooting up savings directly on the utility bills and expanding the life cycle on the building’s long term operations. For example, exterior re-painting is often no more a concern when once painted using special renewable material; high volumes of water are no longer wasted with the installation of efficient plumbing system. Retro-fitting has proven to help the owners save around 5-20%, and essentially it pays for itself after three years.
Often times, owners of industrial spaces are withdrawn from green-proofing their buildings. The stringent requirements for licensing and certification contribute to this. However, it will be safe to dignify these concerns as short-sighted as at the end of the barter is excellent energy efficiency which will help save for several long years.
2) Legal Compliance to boost the business
With the governments finally addressing climate change via policy measures, it’s always advisable to be on their side for non-compliance is deemed strictly penal with fines that might burn your pocket. Also, clients these days are keener to work with green-complying businesses as it contributes extremely positively towards a better brand image. Moreover, green consciousness is here to stay.
3) Environmental Benefits
It’s not exclusively about cost, a sustainably designed building offers environmental, social and economic benefits. A planted/green roof will reduce pollution from the building’s power usage, storm water run-off, as well as the city’s heat island effect. This further contributes towards greater health of the occupants and/or the employees, is likely to increase productivity, apart from aesthetically increasing the building’s value. Ream more about local law 87 visit thecotocongroup blog.
4) Increased Value of the Property
The real value of the property these days is definitely inclusive of the green narratives. High performing green buildings present the best value for taxpayer and for the public through long term cost benefits and through an improved quality of life. They also retain a high re-sale value as lowered maintenance and utility cost are big attractions to the buyers as compared to the non-green buildings. Occupancy levels have shown to remain consistently higher and vacancy levels lower.
5) Tax Benefits
Recent patterns represent that federal tax incentives have been enacted to encourage and reward buildings that are sustainably designed green buildings – residential & commercial. The Economic Stimulus Act of 2008, the Emergency Economic Stabilization Act of 2008, the American Recovery and Reinvestment Act of 2009 are some examples that reflect tax incentivization. We urge you to speak to your accountant to optimize.
6) Better Risk Management
Green proofing and making the building energy efficient also helps in diversifying utility resource portfolios. It can very well function as a hedge against general uncertainty with regard to price hikes (of fuel and other essential commodities) amongst other things.
7) An affordable & plausible answer to Climate Change
Along with the abovementioned advantages to do with cost, savings, and leverages, the ultimate goal is to curb climate change by contributing tangibly. Efficiency adjustments and/or improvements in buildings have low or no marginal cost and are known to provide high and fast ROIs, however, this is not the case with other sectors like agriculture or transport, which are comparatively expensive and also don’t effectively take care of the emissions like the building sectors do.
By making your building energy efficient, you become a vital stakeholder in the larger conversations around climate change. Invest today to reap all the ‘triple bottom line’ long-term benefits.
Article by Morain khan he is outreach link building expert working at digitalmarketingcrab
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