Energy Codes Help Drive Green Building, Says Lux Research

October 30, 2014 By Linda Hardesty

Lux energy manageIn the United States, green buildings command an estimated 20 percent of new construction, according to Lux Research, which found energy efficiency codes offer market opportunity.

While green building standards like LEED helped build market demand for green buildings, building energy efficiency codes such as ASHRAE 90.1, IECC and ECBC India can create a much larger market opportunity, says the Lux Research report “Cash Is King: Assessing the Financial Performance of Green Buildings.

Besides energy codes driving green building, economic benefits are spurring interest. Lux Research’s analysis found that buildings with LEED Gold certification outperform their peers in terms of rental income and resale value. For instance, higher rental income added $4.1 million in value to a 80,000-sq-foot commercial building in Los Angeles.

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