Home Sustainable Okotoks Rebate Programs LEED® Incentive Program
LEED® Incentive Program
The Town of Okotoks viewed the current development and expansion of the Okotoks Business Park as a fantastic opportunity to set a ‘green’ building and ‘green’ business park precedent in our community through the creation of an incentive / rebate program for the construction of environmentally sustainable buildings. From our research of other green building incentive/ rebate programs, the most economically efficient way for a municipality to proceed is through a third party certification / audit program. The most widely accepted third party certification program for commercial and light industrial buildings in North America is the LEED-NC ® Green Building Certification Program.
The Leadership in Energy and Environmental Design (LEED®) Green Building Rating System has continuously grown in popularity over the past ten years with continual revisions made to the program to streamline the administration process and set standards for a greater variety of building systems. In 2003, when the Canada Green Building Council (CaGBC) was formed, they adopted and launched Canadian specific LEED® Guidelines, LEED– Canada for New Construction (NC) version 1.0. This program is currently being revised with the new version scheduled to launch in 2010.
Types of CaGBC LEED® Certification applicable to development within the Okotoks Business Park:
The average incremental cost to a project’s total construction cost of obtaining varies levels/ thresholds of LEED® certification are:
The incremental green building costs for commercial and light industrial buildings tend to be one the lower scale however; smaller buildings (under 50,000ft²) tend to be higher in costs due to economies of scale.
According to the U.S. Green Building Council (USGBC) the total Soft Costs can range between 1 – 5% of Construction Costs, with smaller and more complex projects falling at the higher end of the range. Enermodal Engineering estimates that approximately 50% of the total incremental LEED® costs to be soft costs with the other 50% incremental cost being attributed to hard costs.
The Soft Costs include:
The Incentive Program - Details
Town of Okotoks incentive/ rebate program is based on a percentage return to project’s building permit fee when specific levels of LEED® Certification are achieved.
The Town is proposing the following rebate structure:
The Town of Okotoks Green Building Incentive Program (215 KB)
The Canadian Green Build Council (CaGBC)
Customer Service - LEED® Canada project inquiries & membership inquiries
Toll Free: 1-866-941-1184
CaGBC Alberta Chapter
Box 34024 Kingsway Mall
Edmonton AB T5G 3G4
Phone: (780) 669-3665
Fax: (780) 419-7064