State Mandates on Renewable Heating Technologies and the Housing Market

Robert Germeshausen and Kathrine von Graevenitz

Land Economics, 2023, vol. 99, issue 4, 543-557

Abstract: We study the effect of a state-level mandate on renewable heating technologies on the housing market. The mandate requires a minimum share of 10% renewable energy sources when changing the heating system in the existing building stock. The mandate could lower the relative price of homes in the existing building stock. We implement a two-stage difference-in-differences nearest neighbor matching approach to identify the effect on prices taking advantage of differences in regulation by location and vintage of the building stock. We find no evidence of a negative effect of the mandate on housing prices.

JEL-codes: Q42 Q48 (search for similar items in EconPapers)
Date: 2023
Note: DOI: https://doi.org/10.3368/le.99.4.061422-0045R
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Working Paper: State mandates on renewable heating technologies and the housing market (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:99:y:2023:i:4:p:543-557

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