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Energy and Economic Effects of Utility Financial Incentive Programs: The BPA Residential Weatherization Program

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  • Eric Hirst

Abstract

Many electric utilities offer their residential customers substantial financial incentives (low-interest loans or rebates) to install energy-efficient equipment and building retrofit measures (Stern, Berry, and Hirst 1985). For example, the Tennessee Valley Authority gave zero-interest loans to almost 500,000 households between 1977 and 1985; these loans average almost $1000 each for installation of retrofit measures (TVA 1985). Pacific Gas and Electric Company spent almost $100 million on administrative and debt service costs for its residential retrofit loan program, in which about 500,000 households participated (California PLC 1984).

Suggested Citation

  • Eric Hirst, 1987. "Energy and Economic Effects of Utility Financial Incentive Programs: The BPA Residential Weatherization Program," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 97-110.
    • Handle: RePEc:aen:journl:1987v08-02-a07
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    Cited by:

    1. Joshua Graff Zivin & Kevin Novan, 2016. "Upgrading Efficiency and Behavior: Electricity Savings from Residential Weatherization Programs," The Energy Journal, , vol. 37(4), pages 1-24, October.
    2. Darwin C. Hall, 1990. "Preliminary Estimates Of Cumulative Private And External Costs Of Energy," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 283-307, July.

    More about this item

    JEL classification:

    • F0 - International Economics - - General

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