This study, prepared by Maclay Architects, explores the financial feasibility of zero energy buildings in Vermont. The analysis provided here demonstrates that zero energy and zero energy ready buildings are a viable and cost effective investment, as compared to code compliant buildings. Using financing for the additional capital costs to build a zero energy building, there are net savings from year one for all building types in this study without applying any rebates or incentives except for the office/manufacturing building. The zero energy office/manufacturing building is also a better investment than a code building and will provide cumulating saving beyond the 20 years shown in this analysis. When considering energy cost volatility, health, and other environmental benefits the office/manufacturing building is even more of a prudent investment.