Lamp, Stefan
(2018)
Sunspots that matter: the effect of weather on solar technology adoption.
TSE Working Paper, n. 18-879, Toulouse
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Abstract
This paper tests for the effect of weather on solar technology adoption, taking advantage of the fact that sunshine is a direct input factor for solar electricity production. I find that a one standard deviation increase in monthly sunshine hours above the long-term average leads to an approximate 6.2 % growth in the residential solar market over a six-month period. I consider a range of potential mechanisms and find strong evidence for projection bias and salience as key drivers of my results. My findings show that there is an asymmetric response to positive and negative sunshine deviations from the long-term mean and that counties with a high vote share for the green party are particularly affected by these biases.
Item Type: | Monograph (Working Paper) |
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Sub-title: | the effect of weather on solar technology adoption |
Language: | English |
Date: | January 2018 |
Place of Publication: | Toulouse |
Uncontrolled Keywords: | projection bias, salience, technology diffusion, solar technology, energy policy |
JEL Classification: | D12 - Consumer Economics - Empirical Analysis D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving Q42 - Alternative Energy Sources |
Subjects: | B- ECONOMIE ET FINANCE |
Divisions: | TSE-R (Toulouse) |
Institution: | Université Toulouse 1 Capitole |
Site: | UT1 |
Date Deposited: | 24 Apr 2018 09:09 |
Last Modified: | 22 Jan 2024 10:03 |
OAI Identifier: | oai:tse-fr.eu:32349 |
URI: | https://publications.ut-capitole.fr/id/eprint/25806 |