Forecasting the adoption of residential ductless heat pumps

Alexander N. Hlavinka, James W. Mjelde, Senarath Dharmasena and Christine Holland

Energy Economics, 2016, vol. 54, issue C, 60-67

Abstract: Energy-efficient technologies have the potential to provide savings to households and utilities, but consumers do not always adopt these innovations over traditional technologies. The ductless heat pump (DHP) is one such technology designed to increase energy efficiency and comfort in space conditioning. DHP adoption by single-family residences in the Pacific Northwest of the United States is investigated by quantifying the effects of utility-provided rebates and expenditures on activities such as advertising and installer training on the number of installations and forecasting installations through 2018. The number of installations is elastic with respect to net installation costs and inelastic with respect to expenditures. Given the proposed rebate budgets, doubling the current rebate is necessary to maximize installations through 2018.

Keywords: Energy efficiency; Adoption of innovation; Ductless heat pumps; Rebates; Forecasting; Stochastic simulation (search for similar items in EconPapers)
JEL-codes: L94 O33 Q41 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:54:y:2016:i:c:p:60-67

DOI: 10.1016/j.eneco.2015.11.020

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