The acronym LEED stands for Leadership in Energy and Environmental Design. This program assesses the design of a building, from conception to completion, in terms of energy efficiency, air quality, water use, and choice of construction materials. It also addresses environmental factors, including access to public transportation and responsible land use.
The program itself is sponsored by the United States Green Building Council (USGBC). Projects that participate in the program criteria receive a certification based on different certifications. With each of the criteria, different points are awarded: Certificate (40-49 points), Silver (50-59 points), Gold (60-79 points) and Platinum (80+ points).
Why LEED certifications are beneficial
Obtaining LEED certification demonstrates environmental responsibility and responsible building practices. Not only can this enhance the reputation of the building owner and contractor, it also provides the framework for creating healthy and highly efficient green buildings that save the owner money. The certifications are recognized around the world and are the most recognized standards for green building qualifications globally.
Cost saving benefits
LEED certified buildings are built to be energy efficient. With minimal energy use, these homes are designed to use 30-60% less energy than comparable homes built to the International Energy Conservation Code. Possible reductions include:
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Up to 30% for certificates
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About 30% for silver
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About 48% for gold
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Between 50 and 60% for platinum
Create additional building value
Studies that have been conducted for both residential green buildings and green commercial buildings have found that these buildings hold their value longer than those that are not. Green homes sell for higher prices and are on the market for less time than conventional homes. Resale values are also much higher for these types of homes, almost 30% higher than those for conventionally built homes.
Better air quality
The Environmental Protection Agency (EPA) estimates that indoor air is two to ten times more polluted than outdoor air. Buildings constructed to LEED standards are designed to maximize ventilation and minimize contaminants. On-site inspections and tests are carried out to ensure air quality is up to quality standards.
Environmental warning
When it comes to getting certified, there has to be a positive impact on the environment. Many green homes go so far as to incorporate other fuel sources by using wind, solar, geothermal, and biomass energy sources. The idea is to adopt sustainable energy measures that have a minimal impact on the environment.
Tax credits
Builders can often receive tax credits for building LEED-certified homes. These types of homes can also help lower insurance rates and premiums. These homes are likely to increase in value rather than decrease.
The overall value of LEED certification
While most of the benefits of certification go to construction companies, these eco-friendly homes have more appeal to buyers than conventional homes and buildings in today’s market.
The idea of a building that is energy efficient reduces water and energy use, improves air quality and is environmentally sustainable is more attractive to buyers. Recognized worldwide, these homes and buildings that include these certifications are instantly recognized as green building.
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