Loads of Green Building Incentives: Report
Local and state governments offer a slew of green building incentives for developers but the incentives are not always taken advantage of because of time constraints, according to a new study. <br>
Local and state governments offer a slew of green building incentives for developers but the incentives are not always taken advantage of because of time constraints, according to a new study.
"Green Building Incentives That Work: A Look at How Local Governments Are Incentivizing Green Development" recommends that developers research existing incentives and also proactively lobby governments with preferred incentives.
"We found that nearly a hundred local and state governments are offering green building incentives to private developers," said Jerry Yudelson, a principal at Yudelson Associates, the firm hired to conduct the study by the National Association of Industrial and Office Properties. "This study brings together all of those incentives in one place and shows local governments who want to offer green building incentive programs examples of leaders."
It found that most incentives fall into three categories: those that offered priority permitting through a bond post; tax incentives, such as tax abatements for LEED-Silver or better; and greater floor-to-area ratios.
The study found that developers, often needing to make fast decisions about projects, couldn't utilize some incentives because of the time constraints.
"Green Building Incentives That Work: A Look at How Local Governments Are Incentivizing Green Development" recommends that developers research existing incentives and also proactively lobby governments with preferred incentives.
"We found that nearly a hundred local and state governments are offering green building incentives to private developers," said Jerry Yudelson, a principal at Yudelson Associates, the firm hired to conduct the study by the National Association of Industrial and Office Properties. "This study brings together all of those incentives in one place and shows local governments who want to offer green building incentive programs examples of leaders."
It found that most incentives fall into three categories: those that offered priority permitting through a bond post; tax incentives, such as tax abatements for LEED-Silver or better; and greater floor-to-area ratios.
The study found that developers, often needing to make fast decisions about projects, couldn't utilize some incentives because of the time constraints.
