Tell a friend
Print
Klein, Martin (2015) Modeling investment choices: The case of roof-top solar photovoltaics in Germany. The science of choice - How to model the decision-making process?, 2015-10-28 - 2015-10-30, Rostock, Deutschland.
![[img]](https://elib.dlr.de/style/images/fileicons/application_pdf.png) |
PDF
- Only accessible within DLR
1MB |
Abstract
We examine home owner investments in solar photovoltaics (PV). PV adoption can be regarded as an example of life decisions, as those investments require a considerable amount of temporal and financial commitment. We give a fundamental interpretation for the absolute level of monthly solar photovoltaics installations and will show how our proposed modeling mechanism relates to discrete choice approaches. Evidence is found that the investment behavior changed over time, namely that the mean hurdle rate of house owners for adopting PV has decreased. Understanding the investment dynamics of emerging energy technologies like photovoltaics will help policy makers to adjust the level of incentives like feed-in tariffs to reach desired deployment goals. The research results will be used to expand an agent-based model built to investigate the integration of renewable energy sources into the German electricity market.
| Item URL in elib: | https://elib.dlr.de/100529/ | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Document Type: | Conference or Workshop Item (Speech) | ||||||||
| Title: | Modeling investment choices: The case of roof-top solar photovoltaics in Germany | ||||||||
| Authors: |
| ||||||||
| Date: | 29 October 2015 | ||||||||
| Refereed publication: | No | ||||||||
| Open Access: | No | ||||||||
| Gold Open Access: | No | ||||||||
| In SCOPUS: | No | ||||||||
| In ISI Web of Science: | No | ||||||||
| Status: | Published | ||||||||
| Keywords: | Photovoltaics, Investment, Discount Rate, Discrete Choice Model, Monte-Carlo Simulation | ||||||||
| Event Title: | The science of choice - How to model the decision-making process? | ||||||||
| Event Location: | Rostock, Deutschland | ||||||||
| Event Type: | Workshop | ||||||||
| Event Start Date: | 28 October 2015 | ||||||||
| Event End Date: | 30 October 2015 | ||||||||
| Organizer: | Max-Planck-Institute for Demographic Research, Rostock | ||||||||
| HGF - Research field: | Energy | ||||||||
| HGF - Program: | Technology, Innovation and Society | ||||||||
| HGF - Program Themes: | Renewable Energy (old) | ||||||||
| DLR - Research area: | Energy | ||||||||
| DLR - Program: | E MS - Systems analysis | ||||||||
| DLR - Research theme (Project): | E - Systems Analysis and Technology Assessment (old) | ||||||||
| Location: | Stuttgart | ||||||||
| Institutes and Institutions: | Institute of Engineering Thermodynamics > Systems Analysis and Technology Assessment | ||||||||
| Deposited By: | Klein, Martin | ||||||||
| Deposited On: | 08 Dec 2015 08:29 | ||||||||
| Last Modified: | 24 Apr 2024 20:05 |
Repository Staff Only: item control page
