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When Do People Invest in Solar Photovoltaics? – An Application of Prospect Theory

Klein, Martin (2017) When Do People Invest in Solar Photovoltaics? – An Application of Prospect Theory. Winter School on Energy Scenarios - How to shape and describe future energy systems, 30. Jan. - 03. Feb. 2017, Annweiler am Trifels, Germany.

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Abstract

The question of when people invest in photovoltaics (PV) is investigated. We study residential PV in Germany over the years of 2006-2014. The deployment is characterized by pronounced peaks when remunerations are cut. We postulate that potential PV adopters do not only rate its attractiveness in absolute terms of risk-adjusted IRR, but also in relative gains and losses, i.e. in changes of absolute profitability, according to the value function of Prospect Theory.

Item URL in elib:https://elib.dlr.de/112646/
Document Type:Conference or Workshop Item (Poster)
Title:When Do People Invest in Solar Photovoltaics? – An Application of Prospect Theory
Authors:
AuthorsInstitution or Email of AuthorsAuthors ORCID iD
Klein, MartinM.Klein (at) dlr.dehttps://orcid.org/0000-0001-7283-4707
Date:30 January 2017
Refereed publication:No
Open Access:No
Gold Open Access:No
In SCOPUS:No
In ISI Web of Science:No
Status:Published
Keywords:Photovoltaics, Deployment, Prospect Theory, Modelling, Feed-in Tariff, Photovoltaik, Zubau, Zubaumodellierung, Einspeisetarif
Event Title:Winter School on Energy Scenarios - How to shape and describe future energy systems
Event Location:Annweiler am Trifels, Germany
Event Type:Other
Event Dates:30. Jan. - 03. Feb. 2017
Organizer:Helmholtz Research School on Energy Scenarios
HGF - Research field:Energy
HGF - Program:Technology, Innovation and Society
HGF - Program Themes:Renewable Energy and Material Resources for Sustainable Futures - Integrating at Different Scales
DLR - Research area:Energy
DLR - Program:E SY - Energy Systems Analysis
DLR - Research theme (Project):E - Systems Analysis and Technology Assessment
Location: Stuttgart
Institutes and Institutions:Institute of Engineering Thermodynamics > Systems Analysis and Technology Assessment
Deposited By: Klein, Martin
Deposited On:26 Jun 2017 10:58
Last Modified:26 Jun 2017 10:58

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