Economic and Environmental Benefits of Renewable Energy in Construction Projects
Authors
Rao, Deekshitha
Issue Date
2025.17.12
Degree
Master of Business Administration
Publisher
Dublin Business School
Rights holder
Rights
Open Access
Abstract
This research provides a comprehensive empirical analysis of the economic and environmental benefits and challenges of integrating renewable energy into construction projects, from the perspective of industry practitioners. Employing a quantitative survey methodology, data was collected from 164 construction professionals, including architects, engineers, and developers. The findings reveal a significant evolution in industry perception. Key economic drivers have shifted from long term operational savings towards more immediate benefits like enhanced brand image and faster property sales. The most significant economic barriers are no longer primarily high upfront costs, but have transitioned to uncertainty over long term maintenance costs and difficulties in securing financing. Environmentally, reducing a building's carbon footprint is the principal motivator, while a sophisticated concern for the end of life disposal of technologies is now the primary environmental apprehension. The study concludes that while the industry is maturing in its acceptance of renewable energy, significant challenges related to long term risk, the availability of a skilled workforce, and practical financing solutions persist. Recommendations are provided for policymakers and industry stakeholders to better align incentives and training with the practical realities of project development, thereby accelerating the transition to a more sustainable built environment.