Related papers: Rooftop and Community Solar Adoption with Income H…
Despite many decades of research, economically grounded models that analyse energy consumption and energy-efficiency adoption within a unified framework remain underdeveloped. This article addresses this gap by proposing a model of…
Residential rooftop solar adoption is considered crucial for reducing carbon emissions. The lack of photovoltaic (PV) data at a finer resolution (e.g., household, hourly levels) poses a significant roadblock to informed decision-making. We…
We study the problem of a planner who resolves risk-return trade-offs - like financial investment decisions - on behalf of a collective of agents with heterogeneous risk preferences. The planner's objective is a two-stage utility functional…
Incentive programs and ongoing reduction in costs are driving joint installation of solar PV panels and storage systems in residential households. There is a need for optimal investment decisions to reduce the electricity consumption costs…
The presence of behind-the-meter rooftop photovoltaics and storage in the residential sector is poised to increase significantly. Here we quantify in detail the value of these technologies to consumers and service providers. We characterize…
As the penetration of distributed energy resources in the residential sector increases, the scope for sharing arrangements expands. We model a peer-to-peer rental market for rooftop solar and energy storage in the residential sector, with…
Utilizing solar energy to meet space heating and domestic hot water demand is very efficient (in terms of environmental footprint as well as cost), but in order to ensure that user demand is entirely covered throughout the year needs to be…
This paper provides an analytical framework to incorporate the deployment of behind-the-meter energy storage coupled with rooftop solar, and their associated revenue streams, in the context of equitable energy policy interventions. We…
The adoption of residential photovoltaic systems (PV) is seen as an important part of the sustainable energy transition. To facilitate this process, it is crucial to identify the determinants of solar adoption. This paper follows a…
Transitioning to a net-zero economy requires a nuanced understanding of homeowners decision-making pathways when considering the adoption of Low Carbon Technologies (LCTs). These LCTs present both personal and collective benefits, with…
The declining cost of solar photovoltaics (PV) combined with strong federal and state-level incentives have resulted in a high number of residential solar PV installations in the US. However, these installations are concentrated in…
Appropriately designed renewable support policies can play a leading role in promoting renewable expansions and contribute to low emission goals. Meanwhile, ill-designed policies may distort electricity markets, put power utilities and…
Rooftop solar is one of the most promising tools for drawing down greenhouse gas (GHG) emissions and is cost-competitive with fossil fuels in many areas of the world today. One of the most important criteria for determining the suitability…
Household adoption of rooftop photovoltaic (PV) systems is central to the green energy transition, yet diffusion depends on social influence and behavioral biases, as well as payback economics. This study develops a parsimonious Markovian…
Distributed renewable resources owned by prosumers can be an effective way of fortifying grid resilience and enhancing sustainability. However, prosumers serve their own interests and their objectives are unlikely to align with that of…
The rising energy prices in Europe and the urgent need to address global warming have sparked a significant increase in the installation of domestic photovoltaic systems to harness solar energy. However, since solar energy is available only…
The feasibility and cost-effectiveness of continued growth in solar photovoltaics are closely tied to siting decisions. But trade-offs between costs and technical potential between land categories, especially brownfields and rooftop sites,…
In smart energy communities, households of a particular geographical location make a cooperative group to achieve the community's social welfare. Prosumers are the users that both consume and produce energy. In this paper, we develop…
In this paper, a flexibility-oriented microgrid optimal scheduling model is proposed to mitigate distribution network net load variability caused by large penetration distributed solar generation. The distributed solar generation…
This paper studies how household heterogeneity affects the level and cyclical behavior of the optimal carbon tax in a real economy. We demonstrate that an equity-efficiency trade-off arises due to income inequality and heterogeneity in the…