Arbeitspapier
Solar Rebound - The Unintended Consequences of Subsidies
Many jurisdictions use net metering to record the power exchange between solar photovoltaic panels and the grid, thus valuing home production at the electricity retail rate. However, if over the billing period, production exceeds consumption, the surplus remains freely available for consumption. In Wallonia (Belgium), this system was combined with generous subsidies for solar panels that encouraged households to set-up large installations, possibly exceeding their consumption needs. In this context, we test for a possible rebound effect. Based on a large sample of residential PV installations, we observe that a large proportion of households oversized their installation to benefit from the subsidies and, later ended-up consuming most of their excess production. The effect is econometrically highly significant. There are thus evidence of a strong increase in energy consumption by residential PV owners, that runs counter the original policy design.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 7963
- Klassifikation
-
Wirtschaft
Model Construction and Estimation
Energy: Government Policy
Environmental Economics: Government Policy
Energy: Demand and Supply; Prices
Alternative Energy Sources
- Thema
-
rebound effect
solar PV
net metering
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Boccard, Nicolas
Gautier, Axel
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Boccard, Nicolas
- Gautier, Axel
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2019
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