Adopting Energy Saving Technology: Inertia or Incentives?
AbstractIn an effort to improve efficiency of electrical markets the U.S. government hopes to encourage changing household use patterns, such as dishwasher and clothes dryer use, to off-peak times. One strategy has been to subsidize the installation of smart meters. In addition the government has encouraged electrical energy conservation by providing incentives for energy saving technologies such as the purchase of energy star appliances or increased insulation in the home. Households have sometimes been slow to respond. Using a survey of public opinion, we explore which individuals are more likely to adopt energy saving technologies and smart meters. We also explore the incentives required to adopt smart meters in the home. Key Words:
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Bibliographic InfoPaper provided by Department of Economics, Appalachian State University in its series Working Papers with number 13-01.
Date of creation: 2013
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