The acronym LEED stands for Leadership in Energy and Environmental Design and the system was set up by the United States Green Building Council in March of 2000. The main goal of the system is to give building owners and operators a basis for developing and integrating green building designs, construction, and operation and maintenance. While the initial costs may be larger in the short-term when compared to non-green solutions, LEED applications make business sense in the long-run. These applications include both commercial and residential estates.