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How Going Green Saves Money in Construction
The construction industry has a reputation of not being good to Mother Earth with the use of natural resources, toxic chemicals and the production of waste, but there’s been a turning point and more businesses are turning to sustainable construction practices. In 2013, $260 million was spent in sustainable construction, so it is moving in the right direction. In 2018, it was predicted green construction would be one-third of the construction market across the globe.
The goal of green construction is to lower the number of natural resources used and waste created. Green construction also saves companies and owners money. How?
- Improved productivity and return on investment (ROI) – employee productivity increases by 16 percent in companies that are eco-friendly. Such practices include using LED lighting, non-toxic paint, and being LEED-compliant. Owners who choose green on average see an increased ROI of 9.2 percent. Operating costs for new construction decreased 13.6% when going green.
- Government incentives – companies and owners can get tax credits for meeting certain sustainability goals. This is usually given by the Environmental Protection Agency (EPA). Some states also offer feed reductions or waivers for green construction.
- Increased business – In 2018, green construction was predicted to generate more than 2.1 million jobs.
Being green and sustainable isn’t just good for the environment, it’s good for business. Green construction isn’t the future, it’s here and it’s becoming the norm.
Want to jump into the green-friendly constriction world? Get licensed? How do you get your contractor’s license? Well, you need to apply, and we can help you with that.
As a contractor licensing company, we have helped thousands of contractors in Florida and across the United States get their contractor license. We will let you know everything you need to provide us. We know how to put together an application so the Construction Licensing Board will approve it.
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