The formulation of an affordable and economically-feasible policy for nearly zero-carbon building design is a challenge that countries encounter in promoting net-zero building. In 2022, Taiwan promulgated Building Energy Rating System (BERS), the world's first building energy efficiency assessment system tailored for subtropical climates, as a basis for evaluating its goal of achieving nearly zero-carbon buildings by 2050. However, whether this nearly zero-carbon building policy is financially feasible has remained unknown to the government and the industry. To address the issue, the objective of the paper is to conduct a cost-benefit and payback period analysis of newly constructed nearly zero-carbon office buildings in accordance with the Building Energy-efficiency Rating System for New Buildings (BERSn) assessment framework, and thereby examines the financial affordability and feasibility of Taiwan's net-zero building policies.Firstly, this study introduces existing building energy performance evaluation methods in Europe, America, and Japan, and explains the methodology of Taiwan's Building Energy Rating System (BERS). The paper then reviews international Cost-Benefit Analyses of Nearly Zero Energy Office Buildings and parallelly conducts a Cost-Benefit Analysis of Nearly Zero-Carbon Office Buildings in Taiwan. Following the BERS methodology, this paper identifies the baseline efficiency level and the Nearly Zero-Carbon Building (NZCB) efficiency level, along with their associated solutions and investment costs, for air conditioning and lighting systems. In this study, a questionnaire survey of 28 experts identifies the air conditioning unit costs of Basic Mechanical Equipment Efficiency (BME) and energy-saving control technologies (R) for energy-efficient design of Fan Coil Unit (FCU), Air Handling Unit (AHU), and Variable Refrigerant Flow (VRF) system. Accordingly, 33 air conditioning design solutions and their corresponding construction costs complying with the BERSn requirements of EAC≦0.5 for nearly-zero carbon office buildings are identified. Regarding the nearly zero-carbon lighting design, the simulations reveal that the use of LED panel luminaires or T8 LED luminaires (including those with energy-saving labels) can achieve an average operational lighting illuminance of 500 LUX and the BERSn requirements of EL ≤ 0.5 for lighting. Finally, the study further analyzes the payback period and premium cost ratio of NZCB by employing the budget data of seven building projects. The analysis shows that the premium cost ratio and the payback period of NZCB range from 1.33%-1.50% and 6.4-7.7 years, respectively. The results demonstrate that while a higher budget is commonly associated with NZCB by the public, it is in fact economically and technologically feasible to realize NZCB with prevailing energy-efficient measures.
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