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State Mandates on Renewable Heating Technologies and the Housing Market

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  • Robert Germeshausen
  • Kathrine von Graevenitz

Abstract

We study the effect of a state-level mandate on renewable heating technologies on the housing market. The mandate requires a minimum share of 10% renewable energy sources when changing the heating system in the existing building stock. The mandate could lower the relative price of homes in the existing building stock. We implement a two-stage difference-in-differences nearest neighbor matching approach to identify the effect on prices taking advantage of differences in regulation by location and vintage of the building stock. We find no evidence of a negative effect of the mandate on housing prices.

Suggested Citation

  • Robert Germeshausen & Kathrine von Graevenitz, 2023. "State Mandates on Renewable Heating Technologies and the Housing Market," Land Economics, University of Wisconsin Press, vol. 99(4), pages 543-557.
    • Handle: RePEc:uwp:landec:v:99:y:2023:i:4:p:543-557
    Note: DOI: https://doi.org/10.3368/le.99.4.061422-0045R
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    More about this item

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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