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The Economics of Residential Solar Water Heaters in Emerging Economies: The Case of Turkey

Title:

The Economics of Residential Solar Water Heaters in Emerging Economies: The Case of Turkey

Yönder, Erkan ORCID: https://orcid.org/0000-0003-4758-7841, Aydin, Erdal and Eichholtz, Piet (2017) The Economics of Residential Solar Water Heaters in Emerging Economies: The Case of Turkey. Energy Economics . ISSN 01409883 (In Press)

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Official URL: http://dx.doi.org/10.1016/j.eneco.2018.08.001

Abstract

In many emerging economies, household consumption of polluting solid fuels is still very high. We study the economics of one specific clean energy appliance that has been an important alternative for solid fuels in many developing countries: solar water heaters. Using a dataset including detailed information for around 23,000 Turkish households, 61 percent of which still use solid-fuel stoves, we first examine the determinants of the adoption of solar water heaters. We document that income, education, geographical location and the type of space heating system are important factors driving the adoption of solar water heaters. Analyzing the energy consumption of households, we find that total household energy consumption is reduced by around 13 percent when a solar water heater is present. Relating their presence to housing market outcomes, we document that the perceived value of owner-occupied homes increases by six percent, and find a three percent rent premium in the rental housing market.

Divisions:Concordia University > John Molson School of Business > Finance
Item Type:Article
Refereed:Yes
Authors:Yönder, Erkan and Aydin, Erdal and Eichholtz, Piet
Journal or Publication:Energy Economics
Date:11 September 2017
Digital Object Identifier (DOI):10.1016/j.eneco.2018.08.001
Keywords:Solar water heating; Solid fuels; Green energy; Residential sector; house prices
ID Code:984184
Deposited By: ALINE SOREL
Deposited On:22 Aug 2018 15:45
Last Modified:08 Aug 2020 00:00

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