• An Innovative Financial Business Model Leading Stakeholders Towards Energy Efficient Building Envelope Components

    Çağlar BEKİROĞLU

    Gebze Institute of Technology


    Most green buildings cost a premium of <2%, but yield 10 times as much over the entire life of the building. The stigma is between the knowledge of up-front cost vs. life-cycle cost. The savings in money come from more efficient use of utilities which result in decreased energy bills.

    As of necessity for creating successful model belonging to one of building envelope components, energy efficient window system is chosen as pilot project in Turkey. A private bank, company and property investment partnership are 3 main trivets of this business model.

    Firstly costs of traditional or “business-as-usual” window system and energy efficient window system, will be compared.

    Secondly financial savings on bills including water, natural gas and electricity etc. will be calculated by considering traditional and energy efficient window systems.

    Lastly a private bank will be responsible for financial model of the pilot project. The main idea of the pilot project is building energy efficient building envelope components with reasonable up front costs that will be paid back through bills over a period of time.

    Keywords: Energy efficient building envelope components, financial business model, stakeholder partnership.

    Pages: 329 – 337 | Full PDF Paper