Valuing Technology Complementarities: Rooftop Solar and Energy Storage
Bryan Bollinger,
Naim Darghouth,
Kenneth Gillingham and
Andres Gonzalez-Lira
Authors registered in the RePEc Author Service: Andres Gonzalez Lira
No 32003, NBER Working Papers from National Bureau of Economic Research, Inc
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.
JEL-codes: C51 L94 Q48 Q58 (search for similar items in EconPapers)
Date: 2023-12
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
Note: EEE IO
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