Technology Adoption: Residential Solar Electric Systems

Kevin C. Blommestein () and Tugrul U. Daim ()
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Kevin C. Blommestein: Portland State University
Tugrul U. Daim: Portland State University

Chapter Chapter 8 in Policies and Programs for Sustainable Energy Innovations, 2015, pp 149-167 from Springer

Abstract: Abstract The purpose of this study is to evaluate the adoption and aggregated diffusion of solar electric systems in the residential sector. The goal of this paper is to try answer the following questions using an Agent-Based Model (ABM): 1. Is there evidence of a delay in the aggregate adoption of solar electric systems? If so, how can the adoption be improved? 2. What is the relationship between increasing electricity prices, price preference, and rate of adoption? 3. What impact does changing the incentive structure have on the overall electricity savings? The model could be used by electric utility companies, energy program administrators, and government and state agencies for planning purposes.

Keywords: Electricity Price; Technology Adoption; Differential Equation Modeling; Monthly Payment; Bass Model (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:innchp:978-3-319-16033-7_8

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DOI: 10.1007/978-3-319-16033-7_8

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