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- W2272404906 abstract "An investment in solar photovoltaic (PV) is considered a home improvement, and should be reflected in home sales prices. However, uncertainty about PV policies and information asymmetries may result in an imperfect pass-through. Hawai‘i serves as an illustrative case study to assess the impact of PV on home prices because Hawai‘i has the highest number of PV installations per capita nationwide. Applying a hedonic pricing model using home resale and PV building permit data from 2000 to 2013 for Oʻahu, I find that the presence of PV adds on average 5.4% to the value of a home. The value of PV exceeds total average installed costs because many of Hawai‘i's electricity circuits have reached legal limits for PV installations and thus many neighborhoods could technically no longer install additional PV capacity. Therefore, the value of the system goes beyond its capital investment—on average, by $5000—to incorporate expected electricity savings." @default.
- W2272404906 created "2016-06-24" @default.
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- W2272404906 date "2016-06-01" @default.
- W2272404906 modified "2023-10-03" @default.
- W2272404906 title "The effect of residential solar photovoltaic systems on home value: A case study of Hawai‘i" @default.
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- W2272404906 doi "https://doi.org/10.1016/j.renene.2016.01.059" @default.
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