Understanding the Solar Home price premium: Electricity generation and "Green" social status

被引:127
|
作者
Dastrup, Samuel R. [2 ,3 ]
Zivin, Joshua Graff [4 ,5 ]
Costa, Dora L. [1 ]
Kahn, Matthew E. [1 ,6 ]
机构
[1] Univ Calif Los Angeles, Dept Econ, NBER, Los Angeles, CA 90095 USA
[2] UCSD Econ, New York, NY 10012 USA
[3] NYU, Furman Ctr Real Estate & Urban Econ, New York, NY 10012 USA
[4] Univ Calif San Diego, La Jolla, CA 92093 USA
[5] NBER, La Jolla, CA 92093 USA
[6] Univ Calif Los Angeles, Inst Environm, NBER, Los Angeles, CA 90095 USA
关键词
Solar panels; Real estate prices; Environmentalism; DEPRECIATION; MARKETS;
D O I
10.1016/j.euroecorev.2012.02.006
中图分类号
F [经济];
学科分类号
02 ;
摘要
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. (C) 2012 Elsevier B.V. All rights reserved.
引用
收藏
页码:961 / 973
页数:13
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