Residential rent externalities of photovoltaic systems: The relevance of view

Roland Füss, Kathleen Kürschner Rauck and Alois Weigand

Regional Science and Urban Economics, 2025, vol. 114, issue C

Abstract: In a three-dimensional topographic model of Switzerland, we study how the view at photovoltaic (PV) systems affects residential real estate. Our hedonic difference-in-differences regressions provide evidence that the view at a PV system is associated with lower residential rents. We consider different view types to examine amplifiers and attenuators of these negative externalities. Using municipal voting results and data on electric vehicles, we document causal pathways of the effect that align with stated and lived preferences for sustainability. Similar causal pathways of negative externalities are evident through municipalities’ solar energy production potential and their local demand elasticities for housing.

Keywords: Photovoltaic systems; Renewable energy infrastructure; Residential real estate; Rents; View modeling (search for similar items in EconPapers)
JEL-codes: Q40 R11 R32 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:114:y:2025:i:c:s0166046225000559

DOI: 10.1016/j.regsciurbeco.2025.104138

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