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Can the US keep the PACE? A natural experiment in accelerating the growth of solar electricity

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  • Ameli, Nadia
  • Pisu, Mauro
  • Kammen, Daniel M.

Abstract

Growing global awareness of climate change has ushered in a new era demanding policy, financial and behavioural innovations to accelerate the transition to a clean energy economy. Dramatic price decreases in solar photovoltaics (PV) and public policy have underwritten the expansion of solar power, now accounting for the largest share of renewable energy in California and rising fast in other countries, such as Germany and Italy. Governments' efforts to expand solar generation base and integrate it into municipal, regional, and national energy systems, have spawned several programs that require rigorous policy evaluations to assess their effectiveness, costs and contribution to Paris Agreement's goals. In this study, we exploit a natural experiment in northern California to test the capacity of Property Assessed Clean Energy (PACE) to promote PV investment. PACE has been highly cost effective by more than doubling residential PV installations.

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  • Ameli, Nadia & Pisu, Mauro & Kammen, Daniel M., 2017. "Can the US keep the PACE? A natural experiment in accelerating the growth of solar electricity," Applied Energy, Elsevier, vol. 191(C), pages 163-169.
    • Handle: RePEc:eee:appene:v:191:y:2017:i:c:p:163-169
    DOI: 10.1016/j.apenergy.2017.01.037
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    Cited by:

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    2. Jeff Deason & Sean Murphy & Charles A. Goldman, 2021. "Empirical Estimation of the Energy Impacts of Projects Installed through Residential Property Assessed Clean Energy Financing Programs in California," Energies, MDPI, vol. 14(23), pages 1-23, December.
    3. Kircher, Kevin J. & Zhang, K. Max, 2021. "Heat purchase agreements could lower barriers to heat pump adoption," Applied Energy, Elsevier, vol. 286(C).
    4. Purohit, Ishan & Purohit, Pallav, 2018. "Performance assessment of grid-interactive solar photovoltaic projects under India’s national solar mission," Applied Energy, Elsevier, vol. 222(C), pages 25-41.
    5. Massimo Filippini & Lin Zhang, 2019. "Impacts of heat metering and efficiency retrofit policy on residential energy consumption in China," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 21(2), pages 203-216, April.

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