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Geoexchange in Commercial Buildings – An Owners Perspective Phillip Saieg, LEED AP O+M Director of Sustainable Building. Agenda: Top reasons owner’s choose Geoexchange systems The Market Trends for Green Buildings Why Energy Efficiency and Green Matters to an Owner
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Geoexchange in Commercial Buildings – An Owners Perspective Phillip Saieg, LEED AP O+M Director of Sustainable Building
Agenda: • Top reasons owner’s choose Geoexchange systems • The Market Trends for Green Buildings • Why Energy Efficiency and Green Matters to an Owner • Who makes what decisions in commercial buildings
Top Reasons owners choose Geoexchange 1. Low maintenance (total cost of ownership) 2. Long system life 3. Hedge against rising and volatile energy prices. 4. Geo is the best / lowest impact system for building owners wishing to be sustainable 5. Depending on the application Geoexchangeis interesting to building owners because it can balance both heating and cooling loads. However… Bottom line if an owner is just fixated on lowest first cost it is unlikely they will choose Geoexchange
“As green buildings become more common, conventional buildings will rapidly lose value and become obsolete - Charles Lockwood, Harvard Business Journal (2006) • “Green will be measured by the business community, regulators, savvy consumers…stay on top of green or eat everyone’s dust. There will be differentiation over the long run, adapt or get crushed.” • - Urban Land Institute, Emerging Trends (2008)
Top 5 reasons business owners go green Competitive differentiator Mitigate risk Attract tenants Cost-effective Increase rental rates
Top 5 business reasons tenants choose green Happier employees and occupants Public relations and community benefit Lower operating costs Immediate and measurable results Save energy
Green Buildings sold in LoDo 2010-2012, including estimates of the potential value from green of the sale price and that percent of the total value
“Energy upgrades are the new granite counter tops.” Energy Efficiency as Investment
Thank You Phillip Saieg LEED AP O+M Alliance Center Director 303.572.1536 All are welcome to tour the Alliance Center