Using Income Contingent Loans for the Financing of the Next Million Australian Solar Rooftops

Kenneth Baldwin, Bruce Chapman and Umbu Raya

ANU Working Papers in Economics and Econometrics from Australian National University, College of Business and Economics, School of Economics

Abstract: Rooftop solar systems have two major benefits: a reduction of carbon emissions (a public good) and future energy bill savings for consumers. However, the availability of solar energy systems to low-income households is constrained by access to finance for the initial investment cost, an issue which could potentially be addressed with the use of income contingent loans (ICLs). By applying unconditional quantile econometric methods to HILDA income data we illustrate that for a $10,000 loan for home owners ICLs can be used with little or no cost to government to help finance the next one million solar energy devices.

Keywords: income contingent loans; solar energy (search for similar items in EconPapers)
Date: 2015-08
New Economics Papers: this item is included in nep-ene and nep-env
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Working Paper: Using Income Contingent Loans for the Financing of the Next Million Australian Solar Rooftops (2015)
Working Paper: Using Income Contingent Loans for the Financing of the Next Million Australian Solar Rooftops (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:acb:cbeeco:2015-627

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