Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/282559 
Year of Publication: 
2023
Series/Report no.: 
CESifo Working Paper No. 10871
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Product complementarities can shape market patterns, influencing the demand for related products and their accessories. This study examines complementarities in the demand for rooftop solar and an accessory, battery energy storage. Using nationwide administrative data, we estimate a dynamic nested-logit model of solar and storage adoption. We quantify the demand complementarity between solar and storage, and find that if storage was not available, 20% of households who coadopt solar and storage would not adopt anything. We find that the demand for solar and storage bundles increases with power outages, with a larger effect in California.
Subjects: 
product complementarity
electricity resilience
demand estimation
new technology
JEL: 
C51
L94
Q48
Q58
Document Type: 
Working Paper
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