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Drivers of Renewable Technology Adoption in the Household Sector

14th November 2019
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Authors: Anke Jacksohn, Peter Grösche, Katrin Rehdanz and Carsten Schröder (Energy Economics, 2019, Vol. 81, 216-226)

Using data from the German Socio-Economic Panel, we undertake a simultaneous assessment of the importance of factors that are individually found to be significant for the adoption of renewable energy systems by households but are not yet tested jointly. These are sociodemographic and housing characteristics, environmental concern, personality traits, and economic factors; i.e. the expected costs of and revenues from the investment. Our results suggest that household decisions to invest in photovoltaic systems and solar thermal facilities are mainly driven by 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.

Keywords: renewable technology adoption, investment decision, solar energy, household sector

JEL: C25, D12, Q55

DOI: https://doi.org/10.1016/j.eneco.2019.04.001


Involved Team members

  • Prof. Dr. Katrin Rehdanz

Projects

Project 1
Cross-cultural differences in the perception of corporate social responsibility and consumer social responsibility along global supply chains
Project 1
Experimental studies of moral responsibility in global supply chains
Project 1
Modelling economic and social dimensions of global supply chains
Project 1
Global supply chains, environmental regulation and green innovation

Other Projects

Cross-cultural differences in the perception of corporate social responsibility and consumer social responsibility along global supply chains Experimental studies of moral responsibility in global supply chains
Modelling economic and social dimensions of global supply chains Global supply chains, environmental regulation and green innovation Further KCG Projects

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