气候变化领域集成服务门户(CCPortal): The changing effectiveness of financial incentives: Theory and evidence from residential solar rebate programs in California

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DOI	10.1016/j.enpol.2022.112804
	The changing effectiveness of financial incentives: Theory and evidence from residential solar rebate programs in California
	Sun B.; Sankar A.
发表日期	2022
ISSN	0301-4215
卷号	162
英文摘要	Financial incentives, such as rebate programs, are widely used to promote the adoption of residential solar photovoltaic systems. This paper studies the changing effectiveness of rebate programs as the solar market evolves. We develop a theoretical model to first characterize individual treatment effects then aggregate them to regional effect, and hypothesize that the aggregate treatment effect of rebates first increases and then decreases with declining costs and increasing net metering rate. We empirically test our hypotheses by estimating the treatment effect of rebate rate in California from 2006 to 2017 and its interaction terms with installation cost and residential electricity rate. Results confirm our hypotheses and identify an installation cost of $8.84/W and a residential electricity rate of 22.36c/kWh as the turning points where rebate impacts start to decline. Our findings suggest that front-loaded rebate rate design can be an effective and efficient tool at promoting residential solar adoption. © 2022 Elsevier Ltd
英文关键词	Financial incentives; Program impact; Rebate programs; Solar PV
语种	英语
scopus关键词	Aggregates; Finance; Solar cells; Solar power generation; California; Financial incentives; Incentive theories; Installation costs; Program impact; Rebate program; Residential electricity; Solar photovoltaic system; Solar PVs; Treatment effects; Housing; alternative energy; financial system; incentive; photovoltaic system; solar power; California; United States
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256350
作者单位	Humphrey School of Public Affairs, University of Minnesota, 301 19th Ave S, Minneapolis, MN 55 455, United States; Carlson School of Management, University of Minnesota, 321 19th Ave S, Minneapolis, MN 55 455, United States
推荐引用方式 GB/T 7714	Sun B.,Sankar A.. The changing effectiveness of financial incentives: Theory and evidence from residential solar rebate programs in California[J],2022,162.
APA	Sun B.,&Sankar A..(2022).The changing effectiveness of financial incentives: Theory and evidence from residential solar rebate programs in California.Energy Policy,162.
MLA	Sun B.,et al."The changing effectiveness of financial incentives: Theory and evidence from residential solar rebate programs in California".Energy Policy 162(2022).