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Effects of rooftop solar on housing prices in Australia

Best, Rohan; Burke, Paul; Nepal, Rabindra; Reynolds, Zac

Description

Hedonic 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...[Show more]

CollectionsANU Research Publications
Date published: 2021
Type: Journal article
URI: http://hdl.handle.net/1885/270208
Source: Australian Journal of Agricultural and Resource Economics
DOI: 10.1111/1467-8489.12431

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