Expensive doesn't mean unaffordable
It is another irony of our modern times, and of our definition of green building, that green is seen by some as a luxury only the wealthy can afford. Two hundred years ago, it was the poorest people who were living the greenest lives. Back then, you needed money not to be green, but to afford the oversize house and the imported marble.
The common argument against green building—that it costs too much—relies on a narrow definition of cost, typically reducing it to the amount of money paid up front. It ignores other costs, those that are less immediate and less visible, and it ignores any possible rewards. Yet the same people who dismiss photovoltaics as too expensive, who say the payback period is too long, happily plunk down money on luxury items—a Porsche, say, or a hot tub—without ever asking, “Where’s the payback?”
But because investments such as photovoltaics or extra insulation really can pay us back (and ultimately save money by reducing energy costs), because this is possible, many people focus only on the financial equation. They consider an investment in energy efficiency like any other investment. If the payback on solar panels is 15 years and they might sell the house in five, they don’t buy the panels. If they plan to keep the house, but the same money invested in the stock market would net a bigger return in 15 years, they buy stock.
Cost is not such a simple issue. What is the cost of your house? Is it the $350,000 price that you agreed on with the seller? Or is it the more than $796,000 you will pay over the course of a 30-year mortgage? And what about fuel bills over 30 years? How do they factor in to the cost of your house? Even these questions, which suggest that cost is more than just a number on the price tag, are still simple financial equations. When you consider the environmental costs of building or operating a house, things become complicated quickly.