Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/278197 
Year of Publication: 
2022
Series/Report no.: 
IRENE Working Paper No. 22-07
Publisher: 
University of Neuchâtel, Institute of Economic Research (IRENE), Neuchâtel
Abstract: 
Complexity within the decision-making process can inhibit energy investment for residential buildings. In this paper, we explore effects of complexity on investment behaviour, as well as the impact of experience with similar investments and of subsidies as a promoting policy tool. To shed light on these issues, we conduct a discrete choice experiment (DCE) among homeowners. Furthermore, we investigate appreciation of a simplifying one-stop-shop concept and calculate the willingness to invest. Our results show that homeowners are interested in energy investments and have a positive but decreasing marginal willingness to invest. Subsidies matter for investment choices, and their effect more than offsets the negative impact of costs. Experience with similar investments plays a role for single homeowners and especially those who are familiar with subsidies seem to be interested in the onestop-shop concept.
Subjects: 
Energy efficiency
Renewable energy
Discrete choice experiment
Conditional logit models
JEL: 
D12
L94
Q41
Document Type: 
Working Paper

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