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Sunspots That Matter: The Effect of Weather on Solar Technology Adoption

Environmental and Resource Economics, ISSN: 1573-1502, Vol: 84, Issue: 4, Page: 1179-1219
2023
  • 6
    Citations
  • 0
    Usage
  • 11
    Captures
  • 2
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    6
    • Citation Indexes
      4
    • Policy Citations
      2
      • 2
  • Captures
    11
  • Mentions
    2
    • Blog Mentions
      1
      • Blog
        1
    • News Mentions
      1
      • 1

Most Recent News

New Technology Study Findings Recently Were Reported by Researchers at University of Carlos III Madrid (Sunspots That Matter: the Effect of Weather On Solar Technology Adoption)

2023 FEB 24 (NewsRx) -- By a News Reporter-Staff News Editor at Tech Daily News -- Data detailed on Technology have been presented. According to

Article Description

This paper tests for the presence of behavioral biases in household decisions to adopt solar photovoltaic installations using exogenous variation in weather. I find that residential technology uptake responds to exceptional weather, defined as deviations from the long-term mean, in line with the average time gap between decision-making and completion of the installation. In particular, a one standard deviation increase in sunshine hours during the purchase period leads to an approximate increase of 4.7% in weekly solar PV installations. This effect persists in aggregate data. I consider a range of potential mechanisms and find suggestive evidence for projection bias and salience as key drivers of my results.

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