An analytical approach on life cycle cost analysis of a green building

Abstract

Cost effectiveness plays a very significant role in any construction sector. Life cycle value evaluation is the most price effective option among distinct substitutes in the construction industry to consider future strolling costs associated with a building. Improper understanding of application of life cycle costing is viewed one of the hindrances to construction industry. This research demonstrates to establish a life cycle budget for the complete existence of a green construction for 80 years by using life cycle costing technique. It is shown that future costs are 5.7% greater than the initial construction cost. Among total life cycle budget 67% constitutes the energy cost. Correlation between existing condition of solar panels and suggested solar panels are studied. And it is found that implementing monocrystalline solar panels of 370wp reduces its total life cycle cost by 5%.