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Effects of rooftop solar on housing prices in Australia

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dc.contributor.authorBest, R.
dc.contributor.authorBurke, P. J.
dc.contributor.authorNepal, R.
dc.contributor.authorReynolds, Z.
dc.date.accessioned2025-05-12T03:55:08Z
dc.date.available2025-05-12T03:55:08Z
dc.date.issued2021-02
dc.description.abstractHedonic models of housing prices face the risk of omitted variable bias due to the challenge of controlling for all relevant property attributes. The level of household financial assets is a key but underexplored control that may help to account for some of these difficult-to-observe property characteristics. Using large Australian household surveys, we find that controlling for household financial assets reduces the observed effect of having solar photovoltaic panels on housing prices. The elasticity of housing price with respect to solar capacity is 0.09 for households with solar panels. Controlling for financial assets may be of use in other studies seeking to estimate the effect of home additions on housing prices.
dc.identifier.urihttps://hdl.handle.net/1885/733750061
dc.language.isoen_AU
dc.provenanceThe publisher permission to make it open access was granted in November 2024
dc.publisherCrawford School of Public Policy, The Australian National University
dc.relation.ispartofseriesWorking Paper
dc.rightsAuthor(s) retain copyright
dc.sourceCentre for Climate and Energy Policy Working Papers
dc.source.urihttps://crawford.anu.edu.au
dc.titleEffects of rooftop solar on housing prices in Australia
dc.typeWorking/Technical Paper
dcterms.accessRightsOpen Access
dspace.entity.typePublication
local.bibliographicCitation.issue2105
local.type.statusPublished Version

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