Residential Rent Externalities of Photovoltaic Systems: The Relevance of View
Journal
Regional Science and Urban Economics
ISSN
0166-0462
ISSN-Digital
1879-2308
Type
journal article
Date Issued
2025-08-19
Author(s)
Abstract
In a three-dimensional topographic model of Switzerland, we study how the view at photovoltaic (PV) systems affects residential real estate. Our hedonic difference-in-differences regressions provide evidence that the view at a PV system is associated with lower residential rents. We consider different view types to examine amplifiers and attenuators of these negative externalities. Using municipal voting results and data on electric vehicles, we document causal pathways of the effect that align with stated and lived preferences for sustainability. Similar causal pathways of negative externalities are evident through municipalities’ solar energy production potential and their local demand elasticities for housing.
Language
English (United States)
Keywords
Photovoltaic systems
Renewable energy infrastructure
Residential real estate
Rents
View modeling
Refereed
Yes
Publisher
Elsevier
Volume
114
Contact Email Address
alois.weigand@unisg.ch
Eprints ID
267963
File(s)![Thumbnail Image]()
Name
PV-Systems_Rents_RF-KKR-AW.pdf
Size
3.14 MB
Format
Adobe PDF
Checksum (MD5)
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