Laminated Veneer Lumber (LVL) presents an alternative material for offshore wind turbine towers and blades for an energy sector whose greenhouse gas emissions are substantial. In compliance with AS/NZS 4536, this case study facilitates a specifications’ selection framework that embraces a validated, cost–benefit determination via life cycle cost analyses (LCCA) specification comparisons. A structured consultation with three key Western Australian offshore industry experts, compliant with a standard phenomenological qualitative approach, further facilitates offshore wind turbine (OWT), LCCA cost comparisons between traditional steel and fibreglass components and LVL wooden components. LVL is found to have a higher capital cost but can generate long-term savings of AUD 30,400 per comparable unit less than Traditional OWT specifications, noting a 5% lower LVL operation and maintenance cost. Where decommissioning recycling facilities exist, OWT LVL specification components are encouraged. This work argues that LVL options uptake in Western Australia (WA) is both practicable and whole-cost effective.