Consumers' Response to State Energy Efficient Appliance Rebate Programs

• 成果类型: Article
• 署名作者: Houde, Sebastien; Aldy, Joseph E.
• 署名单位: University System of Maryland; University of Maryland College Park; Harvard University; Resources for the Future; National Bureau of Economic Research; Centre for Strategic & International Studies
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20140383
• 发表日期: 2017
• 页码: 227-255
• 关键词: investment tax incentives; american recovery; reinvestment act; clunkers program; cash

摘要

Through an evaluation of the 2009 Recovery Act's State Energy Efficient Appliance Rebate Program, this paper examines consumers' response to energy efficiency rebates. The analysis shows that 70 percent of consumers claiming a rebate were inframarginal and an additional 15 percent 20 percent of consumers simply delayed their purchases by a few weeks. Consumers responded to rebates by upgrading to higher quality, but less energy-efficient models. Overall the impact of the program on long-term energy demand is likely to be small. Measures of government expenditure per unit of energy saved are an order of magnitude higher than estimates for other energy efficiency programs.