Jul 11, 2017, 9:36am CDT - New homes built to LEED standards in Texas are worth $25,000 more on average than conventional houses.
That is according to a new study by the University of Texas at Austin, results of which were released Tuesday. The research was conducted with the U.S. Green Building Council and focused on homes built in the state between 2008 and 2016 that met Leadership in Energy and Environmental Design standards, the world's most widely used green building rating system.
On average, LEED certified homes use 20-30 percent less energy than a standard home built to code.
Developers are seeing the benefits firsthand and according to USGB’s 2015 report on the economic impact of building green, the industry is expected to grow from $55 million in 2015 to $100.4 million in 2018.
There are more than 6,890 homes certified or pursuing LEED certification in Texas.
Earlier this year, Austin Business Journal's Jan Buchholz took a deep dive into LEED certifications and why some commercial developers consider the program a must-have for new projects. Plus, what value do global investors put on LEED standards?