Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/182204
Authors: 
Jacksohn, Anke
Grösche, Peter
Rehdanz, Katrin
Schröder, Carsten
Year of Publication: 
2018
Series/Report no.: 
SOEPpapers on Multidisciplinary Panel Data Research 977
Abstract: 
Using representative household survey panel data from Germany, we undertake a simultaneous assessment of the importance of factors that have individually been found significant for the adoption of renewable energy systems but have never been tested jointly. These are sociodemographic and housing characteristics, environmental concern, personality traits, and economic factors, i.e. the expected costs of and revenue from the investment. Our results suggest that household decisions to invest in photovoltaic systems and solar thermal facilities are mainly driven by the economic factors. Taking account of sociodemographic and housing characteristics, environmental concern or personality traits has comparatively little relevance, while the quantitative nexus between the decision to invest and returns on the investment is robust to their inclusion.
Subjects: 
renewable technology adoption
investment decision
solar energy
household sector
JEL: 
C25
D12
Q55
Document Type: 
Working Paper
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