Capitalisation of residential solar photovoltaic systems in Western Australia

摘要: Due to government financial incentives and falling prices of photovoltaic (PV) systems, solar power has become the fastest growing renewable energy source in Australia. As are being reduced or phased out, there is a possibility that adoption this technology will slow down, thus creating need for improved policy instruments targeted at residential PV systems. One factors affecting sector its capitalisation property values. Yet, awareness investments Australian market limited. Our data indicate homeowners who anticipate selling their properties near future reluctant adopt This paper presents first empirical estimate price premiums associated with systems Australia using sales from Perth metropolitan area Western An estimated 2.3–3.2 per cent premium suggests fully recover costs upon sale properties. Effective could use information encourage by homeowners.