What condo building in their right mind would spend $1000 on energy efficient light bulbs? Well, those interested in short term pain for long-term sustainable gain.
Over the past number of years, “energy efficient” has made its way into everyday conversation.No longer a buzzword or popular catch phrase, energy efficiency is now embedded in everyday conversations across multiple industries and for good reason.As a country (and planet, really), we must look at how to become sustainable, using resources in a more effective, less destructive manner.
In particular, within the condominium industry, from development to building improvements, LEED certificationistransforming how condo buildings function, including through long-term cost savings and smaller carbon footprint advantages.
As an internationally recognized green building certification system, LEED simply means Leadership in Energy and Environmental Design. Developed by the U.S. Green Building Council, this certification program grades the energy conservation, water usage, air quality, and building materials of a property. There are four levels of certification a building can have: LEED Certified (40 – 49 credits), Silver LEED (50-59 credits), Gold LEED (60 – 79 credits) and Platinum LEED (80+ credits). In fact, LEED has proven to be so effective that the City of Calgary has adopted a policy where all new buildings (or renovations to old ones) MUST meet or exceed a silver LEED rating.
While looking at getting LEED certification may be something for more “hippy-focused” individuals –we’re looking after a more sustainable way of living while reducing our impact on the environment – there are other other benefits to having your condominium become LEED certified, some of which include retaining higher property values and receiving tax rebate incentives.
We’ll be honest, we’d like to believe that everyone applies for LEED certification because of their passion for saving the environment, we’re also realistic. We know that there are more substantive reasons that drive people’s reasons for implementing LEED tactics and strategiessuch as:
Of course, a primary concern for residents and condo boards looking to make their building more energy efficient is their budget. While there are plenty of long-term benefits from both an economic and environmental aspect, the truth is that you have a building budget to consider today. Overhauling your entire condo building to become LEED certified might be quite cost prohibitive. However, both provincial and federal governments have developed initiatives for buildings to more easily begin moving towards their LEED certification.
Your building can start small. For instance, looking into the type of light bulbs you use to light common areas can highlight if you’re using bulbs that aren’t energy efficient. By changing the type of bulbs you have in the common areas, you’ll be able to lower the overall energy cost for your building, resulting in cost savings within the first month or two of implementation. Think of what other small improvements your building can make to start on your LEED certification journey. Small items can include:
While these are seemingly small changes your building can make, even if budgets are tight, they can have great impact on the overall health and value of your building. For specific programs and energy initiatives / incentives that outline the types of items you must consider as you start on your LEED journey include:
To learn more about LEED Certification or inquiry about where you’re condo building sits in relation to LEED requirements, visit www.cagbc.org.