Factors Influencing German House Owners' Preferences on Energy Retrofits

Martin Achtnicht and Reinhard Madlener

No 4/2012, FCN Working Papers from E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN)

Abstract: In this paper, we identify key drivers and barriers for the adoption of building energy retro fits in Germany, which is promoted by public policy as an important measure to address the future challenges of climate change and energy security. We analyze data from a 2009 survey of more than 400 owner-occupiers of single-family detached, semidetached, and row houses in Germany, that was conducted as a computer-assisted personal interview (CAPI). In the survey, respondents were asked directly for reasons for and against retrofi tting their homes, but also faced a choice experiment involving di fferent energy retrofi t measures. Overall, both the descriptive and econometric results show that house owners who are able to aff ord it fi nancially, for whom it is profi table, and for whom there is a favorable opportunity, are more likely to undertake energy retro fit activities. Based on an estimated mixed logit error component model, we also simulate the incentive effects of di fferent policy options, such as public subsidies and energy tax increases.

Keywords: Building energy retro fit; Choice experiment; Energy efficiency; Residential buildings (search for similar items in EconPapers)
JEL-codes: C25 D12 Q40 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2012-06
New Economics Papers: this item is included in nep-ene and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Related works:
Journal Article: Factors influencing German house owners' preferences on energy retrofits (2014)
Working Paper: Factors influencing German house owners' preferences on energy retrofits (2012)
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