Abstract
Green buildings and its initial cost premium are commonly discussed in the construction industry. ‘Initial cost’ of green buildings have always posed as a significant barrier in green building development. However, it is interesting to note that green buildings derive many benefits, particularly, in terms of life-cycle cost savings, yet not considered in initial costs. Therefore, this research study aims to analyse the life-cycle cost of green buildings focusing on energy efficiency, water efficiency, indoor environment quality (IEQ) and material criteria. Initially, this research study calculated the life-cycle cost for various green buildings requirements based on Green Star Design and As-Built version 1.1 green building rating tools. Afterwards, sensitivity analysis is also carried out to analyse the changes in life-cycle cost to the changes in discount rate. Finally, conclusion and recommendations were drawn based on the analysis of life-cycle cost.
| Original language | English |
|---|---|
| Title of host publication | Encyclopedia of Renewable and Sustainable Materials |
| Subtitle of host publication | Volume 1-5 |
| Publisher | Elsevier |
| Pages | 489-499 |
| Number of pages | 11 |
| Volume | 1-5 |
| ISBN (Electronic) | 9780128131961 |
| ISBN (Print) | 9780128131954 |
| DOIs | |
| Publication status | Published - 1 Jan 2020 |
Bibliographical note
Publisher Copyright:© 2020 Elsevier Inc. All rights reserved
Keywords
- Cost premium
- Discount rate
- Energy
- Green buildings
- Green star
- Indoor environment quality
- Initial cost
- Life-cycle cost
- Material
- Net present value
- Sensitivity analysis
- Water
