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Determinants of participation in home energy audit/loan programs: Discrete choice model results

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  • Tonn, Bruce
  • Berry, Linda

Abstract

Discrete choice models are developed for decisions to participate in home energy audit and loan programs. A nested logit model of joint audit and loan decisions is also estimated. The results suggest that attitudinal variables concerning the information value and convenience of audits are the best predictors of the audit choice. A belief that conservation retrofits improve home value is the best predictor of the loan choice. The nested logit model results show that audit and loan choices are independent; this is probably due to a low level of awareness about loan availability.

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  • Tonn, Bruce & Berry, Linda, 1986. "Determinants of participation in home energy audit/loan programs: Discrete choice model results," Energy, Elsevier, vol. 11(8), pages 785-795.
    • Handle: RePEc:eee:energy:v:11:y:1986:i:8:p:785-795
    DOI: 10.1016/0360-5442(86)90017-4
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    References listed on IDEAS

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    1. Hirst, Eric & Berry, Linda & Soderstrom, Jon, 1981. "Review of utility home energy audit programs," Energy, Elsevier, vol. 6(7), pages 621-630.
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    Cited by:

    1. Todd D. Gerarden & Richard G. Newell & Robert N. Stavins, 2017. "Assessing the Energy-Efficiency Gap," Journal of Economic Literature, American Economic Association, vol. 55(4), pages 1486-1525, December.
    2. Todd D. Gerarden & Richard G. Newell & Robert N. Stavins & Robert C. Stowe, 2015. "An Assessment of the Energy-Efficiency Gap and Its Implications for Climate Change Policy," Working Papers 2015.28, Fondazione Eni Enrico Mattei.
    3. Elisha R. Frederiks & Karen Stenner & Elizabeth V. Hobman, 2015. "The Socio-Demographic and Psychological Predictors of Residential Energy Consumption: A Comprehensive Review," Energies, MDPI, vol. 8(1), pages 1-37, January.
    4. Oikonomou, Vlasis & Rietbergen, Martijn & Patel, Martin, 2007. "An ex-ante evaluation of a White Certificates scheme in The Netherlands: A case study for the household sector," Energy Policy, Elsevier, vol. 35(2), pages 1147-1163, February.
    5. Sardianou, Eleni, 2007. "Estimating energy conservation patterns of Greek households," Energy Policy, Elsevier, vol. 35(7), pages 3778-3791, July.
    6. Heutel, Garth, 2019. "Prospect theory and energy efficiency," Journal of Environmental Economics and Management, Elsevier, vol. 96(C), pages 236-254.
    7. Palmer, Karen & Walls, Margaret & Gordon, Hal & Gerarden, Todd, 2011. "Assessing the Energy-Efficiency Information Gap: Results from a Survey of Home Energy Auditors," RFF Working Paper Series dp-11-42, Resources for the Future.

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