Document Type
Article
Rights
Available under a Creative Commons Attribution Non-Commercial Share Alike 4.0 International Licence
Disciplines
Social sciences
Abstract
This study presents empirical insight into willingness to pay (WTP) for microgeneration technologies and the relative influence of subjective consumer perceptions. First, we apply a double-bounded-contingent valuation method to elicit Irish home owners’ willingness to pay for micro wind turbines, wood pellet boilers, solar panels and solar water heaters. Utilizing findings from the adoption of innovation literature, in a second step, we assess the influence of different antecedents on WTP for each of the four technologies, including (1) home owners’ perception of product characteristics, (2) normative influences, and (3) socio demographic characteristics. Our results show that WTP varies significantly between the four technologies. More importantly, however, home owners’ hold different beliefs about the respective technologies, which significantly influence their WTP. The results provide valuable information for marketers and policy makers, aiming to promote microgeneration technologies more effectively in consumer markets.
DOI
https://doi.org/10.21427/D7C209
Recommended Citation
Claudy, M., Michelsen, C., O'Driscoll, A.: The diffusion of microgeneration Technologies:Assessing the influence of perceived product characteristics on home owners’ willingness to pay. Energy Policy Forthcoming. Volume (Year): 39 (2011) Issue (Month): 3 (March) Pages: 1459-1469.
Funder
Technological Sector Strand III program Energy Efficient Policy Research in Domestic Buildings
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 4.0 International License.
Publication Details
Energy Policy, Volume (Year): 39 (2011) Issue (Month): 3 (March) Pages: 1459-1469.