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

Kenneth G. H. Baldwin, Bruce Chapman () and Umbu Raya ()
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Kenneth G. H. Baldwin: The Energy Change Institute, The Australian National University

CCEP Working Papers from Centre for Climate Economics & Policy, Crawford School of Public Policy, The Australian National University

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)
JEL-codes: Q28 Q27 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene and nep-env
Date: 2015-08
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https://ccep.crawford.anu.edu.au/sites/default/fil ... 2015-08/ccep1508.pdf

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Working Paper: Using Income Contingent Loans for the Financing of the Next Million Australian Solar Rooftops (2015) Downloads
Working Paper: Using Income Contingent Loans for the Financing of the Next Million Australian Solar Rooftops (2015) Downloads
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