The Effect of House Energy Efficiency Costs on the Participation Rate and Investment Amount of Lower-Income Households

Kyriakos Drivas, Stelios Rozakis and Sofia Xesfingi

MPRA Paper from University Library of Munich, Germany

Abstract: We examine the largest house energy efficiency retrofit support program in Greece that ran during 2011-2015 and approximately fifty thousand households participated. We take advantage of an exogenous change that occurred while the program was running. This change substantially increased the subsidy rate for lower-income households. We find that this effective cost reduction increased the participation rate (extensive margin) and investment amount (intensive margin) of these lower-income households.

Keywords: Energy efficiency retrofits; subsidy; exogenous change; participation rate; household investment. (search for similar items in EconPapers)
JEL-codes: Q40 Q48 R2 (search for similar items in EconPapers)
Date: 2018-05-08
New Economics Papers: this item is included in nep-ene and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:86590

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