Promoting clean energy investment: An empirical analysis of property assessed clean energy

Published

Journal Article

© 2014 Elsevier Inc. From 2008 to 2010 a handful of Property-Assessed Clean Energy (PACE) programs offered property-secured loans to homeowners for residential clean energy investments. This analysis uses difference-in-differences models and synthetic counterfactual models to estimate the effect of three California PACE programs on residential photovoltaic installations. While PACE programs do not offer superior terms to other solar financing options, we find that PACE financing increases solar installations by approximately 3.8. watts per owner-occupied household per quarter, a 108% increase over the mean watts per owner-occupied household.

Full Text

Duke Authors

Cited Authors

  • Kirkpatrick, AJ; Bennear, LS

Published Date

  • January 1, 2014

Published In

Volume / Issue

  • 68 / 2

Start / End Page

  • 357 - 375

Electronic International Standard Serial Number (EISSN)

  • 1096-0449

International Standard Serial Number (ISSN)

  • 0095-0696

Digital Object Identifier (DOI)

  • 10.1016/j.jeem.2014.05.001

Citation Source

  • Scopus