Valuing Technology Complementarities: Rooftop Solar and Energy Storage

Bryan Bollinger, Naim R. Darghouth, Kenneth T. Gillingham, Andres Gonzalez-Lira and Kenneth Gillingham
Authors registered in the RePEc Author Service: Kenneth Thomas Gillingham

No 10871, CESifo Working Paper Series from CESifo

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.

Keywords: product complementarity; electricity resilience; demand estimation; new technology (search for similar items in EconPapers)
JEL-codes: C51 L94 Q48 Q58 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo1_wp10871.pdf (application/pdf)

Related works:
Working Paper: Valuing Technology Complementarities: Rooftop Solar and Energy Storage (2023)
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:ces:ceswps:_10871

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().