Obviously going green is a benefit for the environment, but it’s also a cost-saver for the construction industry.
While once a thing of the future, green building in construction is expected to grow 15% year-over-year, and could become a $200 billion industry by 2018.
What does “going green in construction” actually mean? 360training.com explains that it involves things like specialized designs with limited environmental impact, making water conservation a priority, and using recyclable or renewable materials.
Obviously going green is a benefit for the environment, but it’s also a cost-saver for the construction industry. Already a popular choice for residential builders, using green materials and resources is rapidly up and coming in the commercial space.
So, is your construction business on board? Here’s why you should be.
- As we mentioned before, going green is cost-effective. Green buildings often lower maintenance and energy costs, and typically pay for themselves within 7 years.
- Not only will you save on actual money, but you will also help reduce the usage of water, energy, and maintenance. The US Green Building Council has predicted that by adopting green construction methods, by 2018 we can expect to see a $1.2 billion energy savings, $149.5 million water savings, and $715.3 million maintenance savings.
- Because green building is becoming more popular, the technology has really advanced. For example, newer, cheaper solar technology results in more projects for your company to take on, like solar installation.
- Non-green buildings consume more energy than the transportation and industrial industries, so going green is completely necessary to sustain the environment and CO2 emissions.
- Environmentally-friendly buildings, cars, and materials is becoming the norm. According to 360training, 70% of American consumers take into account environmental factors when shopping. Switching to energy efficient construction materials will not only make consumers (your customers) happy, but will also keep up with the mainstreaming of the movement.
The demand for green buildings is growing. As a construction business owner, it may be wise to do some research and find out ways you can start going green at your company.