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
Energy Efficiency – Springer Journals
Published: May 29, 2018
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