Are the Non-monetary Costs of Energy Efficiency Investments Large? Understanding Low Take-Up of a Free Energy Efficiency Program

S-Tier
Journal: American Economic Review
Year: 2015
Volume: 105
Issue: 5
Pages: 201-04

Authors (3)

Meredith Fowlie (not in RePEc) Michael Greenstone (University of Chicago) Catherine Wolfram (not in RePEc)

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We document very low take-up of an energy efficiency program that is widely believed to be privately beneficial. Program participants receive a substantial home "weatherization" retrofit; all installation and equipment costs are covered by the program. Less than 1 percent of presumptively eligible households take up the program in the control group. This rate increased only modestly after we took extraordinary efforts to inform households—via multiple channels—about the sizable benefits and zero monetary costs. These findings are consistent with high non-monetary costs associated with program participation and/or energy efficiency investments.

Technical Details

RePEc Handle
repec:aea:aecrev:v:105:y:2015:i:5:p:201-04
Journal Field
General
Author Count
3
Added to Database
2026-01-25