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dc.contributor.authorLan, H
dc.contributor.authorGou, Z
dc.contributor.authorYang, L
dc.date.accessioned2021-11-08T02:52:56Z
dc.date.available2021-11-08T02:52:56Z
dc.date.issued2020
dc.identifier.issn0960-1481
dc.identifier.doi10.1016/j.renene.2020.07.085
dc.identifier.urihttp://hdl.handle.net/10072/409925
dc.description.abstractThis study aims to contribute a regional experience of establishing a credible estimation of the house price premium associated with solar photovoltaics (PV) and to reveal the change of the premium in response to the changing feed-in tariffs (FiTs). This paper used Python to crawl records of sold residential properties in Southport, Queensland from 2008 to 2018. An experimental group of 316 solar PV houses and a control group of 228 non-solar PV houses were extracted for analysis. Using the hedonic approach, the study found that the gross premium was 4.3% of the average house price; the average net premium (exclusive of the PV installation cost) was 21,403 AUD when the FiT was at 44 cents/kWh; when the FiT dropped to 8 cents/kWh, the gross premium fell to 2.4%, and the average net premium dropped to 5600 AUD. The study shows that a solar PV house does enjoy a premium in terms of property value and indicates that a higher solar rebate and subsidy leads to a higher premium. It is commendable to provide some financial incentives to keep the premium within a reasonable range to encourage solar PV adoption.
dc.description.peerreviewedYes
dc.languageen
dc.publisherElsevier BV
dc.relation.ispartofpagefrom907
dc.relation.ispartofpageto916
dc.relation.ispartofjournalRenewable Energy
dc.relation.ispartofvolume161
dc.subject.fieldofresearchMechanical engineering
dc.subject.fieldofresearchOther engineering
dc.subject.fieldofresearchcode4017
dc.subject.fieldofresearchcode4099
dc.titleHouse price premium associated with residential solar photovoltaics and the effect from feed-in tariffs: A case study of Southport in Queensland, Australia
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationLan, H; Gou, Z; Yang, L, House price premium associated with residential solar photovoltaics and the effect from feed-in tariffs: A case study of Southport in Queensland, Australia, Renewable Energy, 2020, 161, pp. 907-916
dc.date.updated2021-11-08T02:51:23Z
gro.hasfulltextNo Full Text
gro.griffith.authorGou, Zhonghua
gro.griffith.authorLan, Haifeng


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