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Green Value: Green Building = Profit
Alex Steffen, 28 Jun 06

The Real Property Association of Canada has found in a new study that green building practices can add substantial "green value" to construction projects:

Rick Nevin and Gregory Watson found that people pay $10-$20 more for a home for every $1 reduction in annual fuel bills.

The Heschong Mahone Group found that ‘adding skylighting to the average non-skylit retail store would be likely to improve its performance by 40%’.

Pennsylvania Power and Light noted a conversion's electricity savings amounted to a payback in 4.1 years with a 24% return on investment.However benefits from lower absenteeism and higher productivity meant a simple payback of just 69 days,a 540% return on investment...

Not only are green buildings good for the environment, provide healthier places to live and more productive places to work ,they can command higher rents and prices, attract tenants more quickly, reduce tenant turnover and cost less to operate and maintain.

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