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Drivers of Renewable Technology Adoption in the Household Sector

SOEPpapers 977, 30 S.

Anke Jacksohn, Peter Grösche, Katrin Rehdanz, Carsten Schröder


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Published in: Energy Economics 81 (2019), 216-226


Using representative household survey panel data from Germany, we undertake a simultaneous assessment of the importance of factors that have individually been found significant for the adoption of renewable energy systems but have never been tested jointly. These are sociodemographic and housing characteristics, environmental concern, personality traits, and economic factors, i.e. the expected costs of and revenue from the investment. Our results suggest that household decisions to invest in photovoltaic systems and solar thermal facilities are mainly driven by the economic factors. Taking account of sociodemographic and housing characteristics, environmental concern or personality traits has comparatively little relevance, while the quantitative nexus between the decision to invest and returns on the investment is robust to their inclusion.

Carsten Schröder

Board of Directors SOEP and Division Head Applied Panel Analysis in the German Socio-Economic Panel study Department

JEL-Classification: C25;D12;Q55
Keywords: renewable technology adoption; investment decision; solar energy; household sector
Frei zugängliche Version: (econstor)