Are you looking for a way to grow your construction or property design business? Have you considered going green? In today’s world, more and more consumers, businesses, and governments are looking for ways (and offering incentives) to foster sustainable development and growth, and you have a golden opportunity to capitalize on this trend.
One of the best ways to do this is with certifications like LEED that show your commitment to using environmentally friendly construction and demolition practices. And in cities like Jacksonville, Florida, that have adopted legislation regulating building practices, this is especially important for lucrative public building projects.
A LEED Certification is used to certify a Green Building. These buildings ensure a healthier environment and a reduction in utility costs due to the sustainability of the building. As a construction or interior/exterior design business, having your projects LEED certified can help establish your business as a leader in the green building industry and could even come with some lucrative benefits.
Here are 5 ways LEED certification can help your C&D business thrive in Jacksonville, Florida:
- Financial Incentives
LEED-certified buildings are eligible for a number of tax credits and grant programs at the local, state, and federal levels.
- Save Money
The U.S. Green Building Council (USGBC) reported that from 2015-2018 Green Buildings saved $1.2 billion in energy costs, $715.3 million in maintenance costs, $149.5 million in water costs, and $54.2 million in waste costs.
- Reduce Environmental Impacts
The USGBC reports that LEED-certified Green Buildings see a 25% reduction in energy consumption and a 34% reduction in C02 emissions. Including statistics like these in the marketing for your project could result in more qualified buyers and/or tenants looking for the latest and greatest in property construction.
- Increased Resale Value
The USGBC analyzed LEED-certified buildings between 2010-2020 and found that they were consistently more profitable than non-certified spaces. They also found a reduction in vacancy, even when rent was increased over time.
- Improve Air Quality
Improving air quality increases productivity within a space. Improved air quality is also attractive for new tenants, a definite selling point for multifamily community developers.
Let’s dive in deeper.
1. Environmental Benefits of LEED Certification and How it Improves Business
There is no substitution to a LEED certification when it comes to getting certified as a Green Building, but why are Green Buildings so important?
LEED-certified Green Buildings have proven to reduce greenhouse emissions, reduce landfill waste, and improve energy efficiency. Reducing your business’s environmental impact is becoming increasingly attractive to customers and business partners in this modern market.
LEED-certified buildings also create a higher retention rate of residents and workers. In the aftermath of the COVID-19 pandemic, people have become more concerned with the quality of their living/working space and how it affects their health. LEED-certified buildings have healthier air systems and guarantee an overall safer environment.
Finally, becoming LEED certified also could help your business win specialty development contracts. Those bidding on your building will be drawn to a project that achieves environmental, social and governance (ESG), and equity goals. A LEED certification guarantees that your project will save money in areas where non-certified buildings will not. Such as lower utility costs and reduced energy consumption.
2. LEED Certification Financial Incentives
Two financial incentives are offered for energy efficiency: rebates and tax credits. In Jacksonville, Florida, there are a number of incentives offered for LEED-certified Green Buildings.
JEA, the Jacksonville community-owned utility program, offers a business and electrification rebate program. The business rebate program helps construction and interior design business upgrade their aging, inefficient equipment to newer technology with a positive environmental impact. The electrification program helps to promote the purchase of electric equipment over diesel-powered options. Both of these programs help to reduce overall building costs while achieving ESG goals.
3. Achieving ESG Objectives Will Attract Investors
Environmental, Social, and Governance objectives are standards used by socially conscious investors when deciding where to invest.
- Environmental standards: how a company safeguards the environment through its consideration for climate change through its corporate policies and construction philosophies.
- Social standards: how a company manages its relationships with employees, customers, and the communities they impact.
- Governance: the leadership within the company and how it handles auditing, executive pay, and shareholder rights.
ESG objectives encourage companies to act responsibly and help investors to not waste their time with unethical practices. A LEED certification provides accountability to your project and this attracts more investors.
4. Save On Operational Costs With A LEED Certification
LEED certified buildings have shown to reduce operational costs over time.
These reduced costs can be seen through:
- 11% less water consumed
- 25% less energy consumed
- 1.3 million tons of coal equivalent saved annually
- An average 89/100 ENERGY STAR score
A LEED certification provides solid data assessment for business owners and investors to use to ensure these costs are decreasing over time. The LEED Operations and Maintenance rating system provides a roadmap for property managers to verify the ongoing energy, waste, carbon footprint, and overall human experience in their buildings.
5. A LEED Certification Will Attract Tenants And Buyers
The USBGC has the LEED Operations and Maintenance rating system available on their website so tenants and buyers can become informed on what standards to expect in a certified Green Building.
The four LEED certification levels are:
- Certified: 40-49 points
- Silver: 50-59 points
- Gold: 60-79 points
- Platinum 80+ points
Points are awarded based on:
- Integrative process
- Regional priority
- Sustainable sites
- Location & transportation
- Water efficiency
- Indoor environmental quality
- Materials & resources
- Energy & atmosphere
Although LEED certification is not required for buildings in Jacksonville, Florida, it is required for all public building projects and does put you ahead of your competition in the private construction space, as well. Tenants and buyers will be more attracted to your property because they know their health and safety are prioritized. Boosting your LEED score is simple too, for example, hiring a recycling company like Coastal Recycling Services to properly dispose of your construction and demolition materials can positively impact your score.
Let’s Build a Better Jacksonville. Contact Coastal Recycling Services for Your C&D Recycling Needs, Today!
Not only is environmental certification required for all public projects in Jacksonville, but having a LEED certification can help attract investors and future tenants to your project. Overall, LEED certification helps to protect our environment. Show Jacksonville that you are here to improve the community with a LEED certification.
Coastal Recycling Services is here to ensure your materials get recycled properly. We help construction and demolition companies, designers, contractors, waste management companies, and even environmentally conscious homeowners in Jacksonville, Florida, to properly recycle and dispose of C&D waste in a way that can help boost your positive environmental impact and obtain green building certifications like LEED. Check out this list of items we accept, or contact us today for more information.