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Effects of rooftop solar on housing prices in Australia

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dc.contributor.authorBest, Rohan
dc.contributor.authorBurke, Paul
dc.contributor.authorNepal, Rabindra
dc.contributor.authorReynolds, Zac
dc.date.accessioned2021-07-12T23:35:43Z
dc.date.issued2021-05
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 estimated 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.en_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.citationBest, Rohan, Burke, Paul J., Nepal, Rabindra, and Reynolds, Zac. 2021. Effects of rooftop solar on housing prices in Australia. Australian Journal of Agricultural and Resource Economics 65(3), 493–511.en_AU
dc.identifier.issn1364-985Xen_AU
dc.identifier.urihttp://hdl.handle.net/1885/240416
dc.language.isoen_AUen_AU
dc.provenancehttps://v2.sherpa.ac.uk/id/publication/4749..."The Accepted Version can be archived in a Non-Commercial Institutional Repository. 24 months embargo." from SHERPA/RoMEO site (as at 13/07/2021). This is the peer reviewed version of the following article: [Best, Rohan, et al. "Effects of rooftop solar on housing prices in Australia." Australian Journal of Agricultural and Resource Economics (2021).], which has been published in final form at [https://dx.doi.org/10.1111/1467-8489.12431]. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versionsen_AU
dc.publisherWileyen_AU
dc.rights© 2021 Australasian Agricultural and Resource Economics Society Inc.en_AU
dc.sourceAustralian Journal of Agricultural and Resource Economicsen_AU
dc.subjectfinancial assetsen_AU
dc.subjecthedonic pricingen_AU
dc.subjecthousingen_AU
dc.subjectlocationen_AU
dc.subjectsolaren_AU
dc.titleEffects of rooftop solar on housing prices in Australiaen_AU
dc.typeJournal articleen_AU
dcterms.accessRightsOpen Accessen_AU
local.bibliographicCitation.issue3en_AU
local.bibliographicCitation.lastpage511en_AU
local.bibliographicCitation.startpage493en_AU
local.contributor.affiliationBurke, P. J., College of Arts and Social Sciences, The Australian National Universityen_AU
local.contributor.authoruidu4372088en_AU
local.description.notesA pre-print version is available here: https://ccep.crawford.anu.edu.au/publication/ccep-working-paper/18692/effects-rooftop-solar-housing-prices-australiaen_AU
local.identifier.absfor140205 - Environment and Resource Economicsen_AU
local.identifier.absseo850504 - Solar-Photovoltaic Energyen_AU
local.identifier.citationvolume65en_AU
local.identifier.doi10.1111/1467-8489.12431en_AU
local.identifier.essn1467-8489en_AU
local.publisher.urlhttps://www.wiley.com/en-gben_AU
local.type.statusAccepted Versionen_AU

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