A new scientific paper is available describing the work done in ALEXANDER on the effectiveness of future financial benefits on PV adoption
In this publication in Energy Economics Justus Boening and colleagues used evidence from Belgium to analyse the effectiveness of future financial benefits on PV adoption.
In the past, the Belgian regions of Flanders and Wallonia have implemented different incentive schemes for photovoltaic (PV).These schemes either compensated the production of electricity (output based), the installed capacity (capacity based) or the reduction of the electricity bill (net metering).
We exploit changes in the financial benefits of these schemes using reduced-form econometric models and granular data on household PV adoption, and find that financial benefits are important for the adoption of energy-related technologies, but output- and capacity-based benefits outperform net metering.
Furthermore, low-income municipalities tend to have lower levels of PV adoption for the same level of benefits.
We conclude that increasing salience or awareness and decreasing uncertainty about future financial benefits will increase residential adoption of energy-related technologies and reduce the gap between low-income communities and the rest.
Interested to read the full paper, please check it here.