Understanding the Solar Home Price Premium: Electricity Generation and "Green" Social Status

Samuel Dastrup, Joshua Graff Zivin, Dora Costa and Matthew Kahn

No 17200, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This study uses a large sample of homes in the San Diego area and Sacramento, California area to provide some of the first capitalization estimates of the sales value of homes with solar panels relative to comparable homes without solar panels. Although the residential solar home market continues to grow, there is little direct evidence on the market capitalization effect. Using both hedonics and a repeat sales index approach we find that solar panels are capitalized at roughly a 3.5% premium. This premium is larger in communities with a greater share of college graduates and of registered Prius hybrid vehicles.

JEL-codes: Q54 Q55 R31 (search for similar items in EconPapers)
Date: 2011-07
Note: EEE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published as Dastrup, Samuel R. & Graff Zivin, Joshua & Costa, Dora L. & Kahn, Matthew E., 2012. "Understanding the Solar Home price premium: Electricity generation and âGreenâ social status," European Economic Review, Elsevier, vol. 56(5), pages 961-973.

Downloads: (external link)
http://www.nber.org/papers/w17200.pdf (application/pdf)

Related works:
Journal Article: Understanding the Solar Home price premium: Electricity generation and “Green” social status (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:17200

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w17200

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().