Factors Influencing German House Owners’ Preferences on Energy Retrofits

28 Pages Posted: 15 Jul 2012

See all articles by Martin Achtnicht

Martin Achtnicht

Leibniz Institute of Urban and Regional Development; ZEW – Leibniz Centre for European Economic Research

Reinhard Madlener

RWTH Aachen University

Date Written: 2012

Abstract

In this paper, we identify key drivers and barriers for the adoption of building energy retrofits in Germany, which is promoted by public policy as an important measure to address the future challenges of climate change and energy security. We analyze data from a 2009 survey of more than 400 owner-occupiers of single-family detached, semidetached, and row houses in Germany, that was conducted as a computer-assisted personal interview (CAPI). In the survey, respondents were asked directly for reasons for and against retrofitting their homes, but also faced a choice experiment involving different energy retrofit measures. Overall, both the descriptive and econometric results show that house owners who are able to afford it financially, for whom it is profitable, and for whom there is a favorable opportunity, are more likely to undertake energy retrofit activities. Based on an estimated mixed logit error component model, we also simulate the incentive effects of different policy options, such as public subsidies and energy tax increases.

Keywords: Building energy retrofit, Choice experiment, Energy efficiency, Residential buildings

JEL Classification: C25, D12, Q40

Suggested Citation

Achtnicht, Martin and Madlener, Reinhard, Factors Influencing German House Owners’ Preferences on Energy Retrofits (2012). ZEW - Centre for European Economic Research Discussion Paper No. 12-042. Available at SSRN: https://ssrn.com/abstract=2105628 or http://dx.doi.org/10.2139/ssrn.2105628

Martin Achtnicht (Contact Author)

Leibniz Institute of Urban and Regional Development ( email )

Weberplatz 1
Dresden, 01217
Germany

ZEW – Leibniz Centre for European Economic Research ( email )

P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany

Reinhard Madlener

RWTH Aachen University ( email )

School of Business and Economics / E.ON ERC
Mathieustraße 10
Aachen, 52074
Germany
+49 241 80 49 820 (Phone)
+49 241 80 49 829 (Fax)

HOME PAGE: http://www.eonerc.rwth-aachen.de/fcn

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