Pricing the Sun : a hedonic approach on the influence of photovoltaic systems on house prices in Sweden
There is a growing concern regarding climate change and its potential damage on both ecosystems and human welfare. An increased production of renewable energy would enable a more sustainable lifestyle. Households that install solar panels to produce electricity from solar radiation are subsidized by...
| Autor principal: | |
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| Formato: | H2 |
| Lenguaje: | Inglés sueco |
| Publicado: |
SLU/Dept. of Economics
2019
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| Materias: |
| _version_ | 1855572513102233600 |
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| author | Bolin, Axel |
| author_browse | Bolin, Axel |
| author_facet | Bolin, Axel |
| author_sort | Bolin, Axel |
| collection | Epsilon Archive for Student Projects |
| description | There is a growing concern regarding climate change and its potential damage on both ecosystems and human welfare. An increased production of renewable energy would enable a more sustainable lifestyle. Households that install solar panels to produce electricity from solar radiation are subsidized by the Swedish government to increase the production of renewable energy. However, it is still a relatively costly investment and households may therefore be hesitant to invest in solar panels. Knowledge on the expected influence on house prices by solar panels would enable households to make better informed decisions on whether to invest in solar panels or not. To investigate this hedonic regression is conducted using panel data on house sales in Sweden from 2012 to the end of 2018. The results strongly suggest that solar panels increase house prices, which makes it reasonable for households to expect an increased house price from the investment. |
| format | H2 |
| id | RepoSLU15049 |
| institution | Swedish University of Agricultural Sciences |
| language | Inglés swe |
| publishDate | 2019 |
| publishDateSort | 2019 |
| publisher | SLU/Dept. of Economics |
| publisherStr | SLU/Dept. of Economics |
| record_format | eprints |
| spelling | RepoSLU150492020-06-04T12:17:30Z Pricing the Sun : a hedonic approach on the influence of photovoltaic systems on house prices in Sweden Bolin, Axel economics hedonic regression house price photovoltaic There is a growing concern regarding climate change and its potential damage on both ecosystems and human welfare. An increased production of renewable energy would enable a more sustainable lifestyle. Households that install solar panels to produce electricity from solar radiation are subsidized by the Swedish government to increase the production of renewable energy. However, it is still a relatively costly investment and households may therefore be hesitant to invest in solar panels. Knowledge on the expected influence on house prices by solar panels would enable households to make better informed decisions on whether to invest in solar panels or not. To investigate this hedonic regression is conducted using panel data on house sales in Sweden from 2012 to the end of 2018. The results strongly suggest that solar panels increase house prices, which makes it reasonable for households to expect an increased house price from the investment. Det råder en växande oro kring klamförändringar och dess framtida inverkan på ekosystem och människors leverne. En ökad produktion av förnybar energi skulle möjliggöra samhällen att vara mer hållbara. Hushåll som installerar solceller som producerar elektricitet från solstrålning subventioneras av den svenska staten för att utöka produktionen av förnybar energi. Trots detta så är solceller en relativt kostsam investering och därför kan hushåll vara tveksamma till att investera i dem. Kunskap om hur solceller påverkar huspriser skulle möjliggöra hushåll att fatta bättre underbyggda beslut om de ska köpa solceller eller inte. Därför undersöker den här studien hur huspriser påverkas av att ha solceller installerade. Detta görs genom hedonisk regressionsanalys med paneldata på husförsäljningar i Sverige mellan 2012 och 2018. Resultaten från denna studie pekar starkt på att solceller höjer huspriset, vilket talar för att det är rimligt för hushåll att förvänta sig att priset på deras hus kommer att gå upp om de installerar solceller. SLU/Dept. of Economics 2019 H2 eng swe https://stud.epsilon.slu.se/15049/ |
| spellingShingle | economics hedonic regression house price photovoltaic Bolin, Axel Pricing the Sun : a hedonic approach on the influence of photovoltaic systems on house prices in Sweden |
| title | Pricing the Sun : a hedonic approach on the influence of photovoltaic systems on house prices in Sweden |
| title_full | Pricing the Sun : a hedonic approach on the influence of photovoltaic systems on house prices in Sweden |
| title_fullStr | Pricing the Sun : a hedonic approach on the influence of photovoltaic systems on house prices in Sweden |
| title_full_unstemmed | Pricing the Sun : a hedonic approach on the influence of photovoltaic systems on house prices in Sweden |
| title_short | Pricing the Sun : a hedonic approach on the influence of photovoltaic systems on house prices in Sweden |
| title_sort | pricing the sun : a hedonic approach on the influence of photovoltaic systems on house prices in sweden |
| topic | economics hedonic regression house price photovoltaic |