The Economic Determinants of Heat Pump Adoption

Lucas Davis

No 31344, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: One concern with subsidies for low-carbon technologies is that they tend to go predominantly to high-income households. Previous research has shown, for example, that the top income quintile receives 60% of subsidies for rooftop solar and 90% of subsidies for electric vehicles. This paper finds that heat pumps are an important exception. Using newly available U.S. nationally representative data, the paper finds that there is remarkably little correlation between heat pump adoption and household income. Nationwide, 14% of U.S. households have a heat pump as their primary heating equipment, and adoption levels are essentially identical for all income levels ranging from the bottom of the income distribution (

JEL-codes: H23 L51 Q41 Q42 Q48 Q54 (search for similar items in EconPapers)
Date: 2023-06
New Economics Papers: this item is included in nep-ene and nep-env
Note: EEE
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Published as The Economic Determinants of Heat Pump Adoption , Lucas W. Davis. in Environmental and Energy Policy and the Economy, volume 5 , Kotchen, Deryugina, and Wolfram. 2024

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Chapter: The Economic Determinants of Heat Pump Adoption (2023)
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