Celebration of Scholars
Comparing and Mapping Rooftop Solar Incentives Across the U.S.
Name:
Zoe Hobbs
Major: Economics
Hometown: Metamora, Il
Faculty Sponsor:
Other Sponsors:
Type of research: SURE
Funding: SURE
Abstract
In order to encourage the adoption of renewable technology,
both governments and electric utilities offer incentives to the public on residential
and commercial levels. It is important to understand which of these incentives
is the most effective and efficient to reap the most benefit while eliciting
the lowest cost possible for all parties. Additionally, it is important to find
what other factors are affecting the rate of solar adoption by looking at
trends in the United States throughout recent years. Collecting data from
utilities and governments, we used the GIS software ArcGIS to map incentives
over time on both a state and utility level. Then, we began running regressions
to determine the effects of financial incentives on the amount of solar panel
capacity installed per utility, as well as the effects of other factors such as
electricity prices and green attitudes. Between the years 2011 and 2017, we
found that the value of incentives for residential consumers had a significant
effect of approximately 0.5W per customer per dollar increase. We also found
that the value of incentives had a significant negative effect of approximately
-0.26W per customer per dollar increase. These preliminary results show that
there is a large difference between how residential and commercial customers
react to financial incentives, and that more results could give further insight
into which types of incentives work best for each type of customer.