Solar PV Technology Adoption in the United States: An Empirical Investigation of State Policy Effectiveness

Christine Crago and Ilya Chernyakhovskiy

No 169939, 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota from Agricultural and Applied Economics Association

Abstract: State policy incentives for solar power have grown significantly in the past several years. This paper uses county level panel data to investigate whether state policy incentives are effective in increasing residential solar PV capacity. Empirical findings show that tax incentives, rebates, solar-specific mandates, and loan financing programs are important drivers of residential PV adoption. These results suggest that policy incentives play a significant role in encouraging wider use of solar energy. Results also point to a significant positive relationship between hybrid vehicle sales and residential PV adoption, indicating the importance of pro-environmental preference as a predictor of solar PV demand.

Keywords: Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 20
Date: 2014
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea14:169939

DOI: 10.22004/ag.econ.169939

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