Munich Personal RePEc Archive

The Effect of House Energy Efficiency Costs on the Participation Rate and Investment Amount of Lower-Income Households

Drivas, Kyriakos and Rozakis, Stelios and Xesfingi, Sofia (2018): The Effect of House Energy Efficiency Costs on the Participation Rate and Investment Amount of Lower-Income Households.

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Abstract

We examine the largest house energy efficiency retrofit support program in Greece that ran during 2011-2015 and approximately fifty thousand households participated. We take advantage of an exogenous change that occurred while the program was running. This change substantially increased the subsidy rate for lower-income households. We find that this effective cost reduction increased the participation rate (extensive margin) and investment amount (intensive margin) of these lower-income households.

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