Using Income Contingent Loans for the Financing of the Next Million Australian Solar Rooftops

K.G.H. Baldwin, Bruce Chapman and Umbu Raya

No 249513, Working Papers from Australian National University, Centre for Climate Economics & Policy

Abstract: Rooftop solar systems have two major benefits: a reduction of carbon emissions (a public good) and future energy bill savings for consumers. However, the availability of solar energy systems to low-income households is constrained by access to finance for the initial investment cost, an issue which could potentially be addressed with the use of income contingent loans (ICLs). By applying unconditional quantile econometric methods to HILDA income data we illustrate that for a $10,000 loan for home owners ICLs can be used with little or no cost to government to help finance the next one million solar energy devices.

Keywords: Financial Economics; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 34
Date: 2015-08
New Economics Papers: this item is included in nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/249513/files/ccep1508.pdf (application/pdf)

Related works:
Working Paper: Using Income Contingent Loans for the Financing of the Next Million Australian Solar Rooftops (2015)
Working Paper: Using Income Contingent Loans for the Financing of the Next Million Australian Solar Rooftops (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ancewp:249513

DOI: 10.22004/ag.econ.249513

Access Statistics for this paper

More papers in Working Papers from Australian National University, Centre for Climate Economics & Policy Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().