Rental tenants’ willingness-to-pay for improved energy efficiency and payback periods for landlords

Rental tenants’ willingness-to-pay for improved energy efficiency and payback periods for... Energy Efficiency https://doi.org/10.1007/s12053-018-9668-y ORIGINAL ARTICLE Rental tenants’ willingness-to-pay for improved energy efficiency and payback periods for landlords Matthew Collins · John Curtis Received: 17 May 2017 / Accepted: 19 April 2018 © Springer Science+Business Media B.V., part of Springer Nature 2018 Abstract Throughout the developed world, residen- tenants overvalued energy efficiency labels. Based on tial buildings in the rental sector exhibit lower levels tenants’ willingness-to-pay, investment payback peri- of energy efficiency than the owner-occupied build- ods for attic and cavity wall insulation are relatively ing stock. This study estimates Irish rental tenants’ short but prohibitively long for external wall insulation willingness-to-pay for energy efficiency improve- and solar heating retrofits. ments. A double-bounded dichotomous choice contin- gent valuation method is used to examine how much Keywords Willingness-to-pay · Rental markets · renters are willing to pay in their monthly rent for Double-bounded contingent valuation · Energy improved energy efficiency, measured via energy per- performance certificates formance certificates. Using an administrative dataset from a grant scheme for residential energy efficiency retrofits, we examine the upfront cost to landlords Introduction of engaging in energy efficiency retrofits and calcu- late associated payback periods. Tenants in Ireland The European Union has set a target http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Energy Efficiency Springer Journals

Rental tenants’ willingness-to-pay for improved energy efficiency and payback periods for landlords

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Publisher
Springer Journals
Copyright
Copyright © 2018 by Springer Science+Business Media B.V., part of Springer Nature
Subject
Engineering; Energy Economics; Renewable and Green Energy; Environmental Economics; Environment, general; Sustainable Development
ISSN
1570-646X
eISSN
1570-6478
D.O.I.
10.1007/s12053-018-9668-y
Publisher site
See Article on Publisher Site

Abstract

Energy Efficiency https://doi.org/10.1007/s12053-018-9668-y ORIGINAL ARTICLE Rental tenants’ willingness-to-pay for improved energy efficiency and payback periods for landlords Matthew Collins · John Curtis Received: 17 May 2017 / Accepted: 19 April 2018 © Springer Science+Business Media B.V., part of Springer Nature 2018 Abstract Throughout the developed world, residen- tenants overvalued energy efficiency labels. Based on tial buildings in the rental sector exhibit lower levels tenants’ willingness-to-pay, investment payback peri- of energy efficiency than the owner-occupied build- ods for attic and cavity wall insulation are relatively ing stock. This study estimates Irish rental tenants’ short but prohibitively long for external wall insulation willingness-to-pay for energy efficiency improve- and solar heating retrofits. ments. A double-bounded dichotomous choice contin- gent valuation method is used to examine how much Keywords Willingness-to-pay · Rental markets · renters are willing to pay in their monthly rent for Double-bounded contingent valuation · Energy improved energy efficiency, measured via energy per- performance certificates formance certificates. Using an administrative dataset from a grant scheme for residential energy efficiency retrofits, we examine the upfront cost to landlords Introduction of engaging in energy efficiency retrofits and calcu- late associated payback periods. Tenants in Ireland The European Union has set a target

Journal

Energy EfficiencySpringer Journals

Published: May 29, 2018

References

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