Arbeitspapier

Adoption of renewable home heating systems: An agent-based model of heat pump systems in Ireland

Concern about climate change and dependence on fossil fuels is inducing countries to develop and deploy renewable energy technologies. Heat pump systems, which extract heat either from the air, water, or ground sources, are among the viable options for space heating and domestic hot water production in the residential sector. In this paper, we develop an agent-based model to analyze the adoption process of heat pump systems and the underlying diffusion factors. Uniquely, we use a recent nationally representative Irish household survey data to derive parameters for decision rules for technology adoption in the model. In this research, we explore how financial aspects, psychological factors and social networks influence the adoption and diffusion of heat pump systems. We also discuss how individual household socio-demographic characteristics, building characteristics, geographical location of household and policy incentives affect the adoption process. The research should be of interest to policymakers, as we use the model to test the impact of various policies on technology adoption rates.

Language
Englisch

Bibliographic citation
Series: UCD Centre for Economic Research Working Paper Series ; No. WP20/30

Classification
Wirtschaft
Consumer Economics: Empirical Analysis
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Energy: Demand and Supply; Prices
Renewable Resources and Conservation: Government Policy
Subject
Agent-based model
heat pump systems
energy economics
renewable energy technology adoption
Ireland

Event
Geistige Schöpfung
(who)
Meles, Tensay Hadush
Ryan, Lisa
Event
Veröffentlichung
(who)
University College Dublin, UCD Centre for Economic Research
(where)
Dublin
(when)
2020

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Meles, Tensay Hadush
  • Ryan, Lisa
  • University College Dublin, UCD Centre for Economic Research

Time of origin

  • 2020

Other Objects (12)