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- Title
Are the Non-Monetary Costs of Energy Efficiency Investments Large? Understanding Low Take-up of a Free Energy Efficiency Program<sup>†</sup>.
- Authors
Fowlie, Meredith; Greenstone, Michael; Wolfram, Catherine
- Abstract
We document very low take-up of an energy efficiency program that is widely believed to be privately beneficial. Program participants receive a substantial home 'weatherization' retrofit; all installation and equipment costs are covered by the program. Less than 1 percent of presumptively eligible households take up the program in the control group. This rate increased only modestly after we took extraordinary efforts to inform households-via multiple channels-about the sizable benefits and zero monetary costs. These findings are consistent with high non-monetary costs associated with program participation and/or energy efficiency investments.
- Subjects
UNITED States; UNITED States. Dept. of Energy. Weatherization Assistance Program for Low-Income Persons; ENERGY consumption &; economics; BEHAVIOR; COST; MATHEMATICAL models of economics; COST effectiveness of energy consumption; ENERGY consumption; MATHEMATICAL models
- Publication
American Economic Review, 2015, Vol 105, Issue 5, p201
- ISSN
0002-8282
- Publication type
Article
- DOI
10.1257/aer.p20151011