Expert Advice on Green Buildings

Green Building Underwriting Standard: Is Energy Star more Valuable than LEED?

               
Question:

What is more valuable in green building underwriting, Energy Star or LEED?

Buildings that have been awarded the Energy Star provide superior performance in terms of the efficiency with which they consume energy and electricity, when compared to non-Energy Star Certified buildings.

Energy Star certified buildings also provide increased cash flow and superior market competitiveness, relative to non-Energy Star buildings. Indeed, the National Consensus on Green Building Investment Underwriting Standards, by the Capital Markets Partnership, indicates that Energy Star certification on the whole may provide a more tangible, positive impact on the valuation of the asset than, say, LEED certification.

The Green Building Underwriting Standard (the "Standard") values the Energy Star rating higher than a LEED rating in its "CMP Green Value Score" which is expected to be used in the professional underwriting of commercial real estate transactions. According to the Standard, LEED Certification provides a more intangible benefit in the form of market goodwill and increased brand value.

The creators of the Standard hope that, as green building becomes more widely accepted and common, use of the Standard will be as routine as a Phase I or Property Condition Assessment ("PCA").

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Expert Advice and Comments

Rather then buying new

Rather then buying new frigidaire parts to fix our AC i just got an energy star model that was newer and it saved us a bunch last summer, can't wait to see the savings after a full summer goes by this year.

I imagine that a building

I imagine that a building awarded with the Energy Star values a lot on the market. I wonder if they're safer than a normal building or if the problems are the same. I'm having a problem with ants and from what I was reading on www.terminixpestcontroloffers.com, I guess I should be glad these are the only parasites that visited me. Can these places keep the predators out or not?

I would like to live in a

I would like to live in a green apartment, but only after the prices will drop. Right now, I'm not even sure I can afford to pay for the lockers. I've understood that the prices have started to drop, but I'll continue to live in my crib until living in an ecological apartment is something normal.

If I were to live in an

If I were to live in an ecological apartment, I would place a large "Energy Star" sticker on my front door. I am already seeing how the flat would look like, with green walls and retro plastic tub chairs in the rooms. Of course, I would only serve natural juices. That would make my friends laugh a lot.

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