October 1, 2004
Since 2004, GreenHomeNYC has presented monthly articles on green building construction, renovations, and management in The Cooperator, a Yale Robbins newspaper serving 3,300 New York City cooperatives and condominiums.
Green Building Saves the Green
Cost Benefits of Green Buildings
By Erik D. Nevala-Lee
The environmental benefits of “green” buildings have never been questioned. The reduced intake of resources and the reduced output of waste accomplished through environmentally sensitive building reduce the negative environment impact of a building. Although the environmental benefits of green buildings are clear, how to afford a more environmentally sustainable living environment is not. Cost is a frequent excuse against building green. While it is true that the initial cost of green building can be more – an extra $3 to $5 per square foot, by some estimates – the life cycle cost of a green building is significantly less.