PRICES DROPPING ON GREEN BUILDING

Innovation Will Drive Costs of Green Roofs and Walls by 28% in 2017; Combining diverse approaches can cut costs to $23/ft2 but building-integrated vegetation (BIV) will still depend on incentives for wider adoption…

August 19, 2014 (Lux Research)

“Building-integrated vegetation (BIV) – the use of green roofs and green walls to improve air quality, manage storm-water and generate energy savings – is experiencing a burst of innovation to lower costs and hasten payback on investment…[T]he $6 billion industry has come up with a number of new ways to reduce material, installation and maintenance costs. All told, costs could be cut 28% -- from $38/ ft2 in 2012 to $23/ft2 in 2017, according to [Crossing the Chasm: Demonstrating Economic Value Is the Next Test for Building-integrated Vegetation by Lux Research]…City-level incentives…can sharply cut payback period, enhancing the economic viability of BIV…Green roof cost cuts drive…[its global market down] from $5.1 billion in 2011 to $4.7 billion in 2017…[and strong technology developers are emerging]…” click here for more

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