Residential renovations: Understanding cost-disruption trade-offs
Disruption and mess associated with energy efficiency retrofits is one aspect that is rarely considered in studies investigating households’ preferences for energy renovations. Using a choice experiment, we estimate a price for residential retrofit disruption, finding it represents a substantial pro...
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| Published in | Energy policy Vol. 192; p. 114207 |
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| Main Authors | , , |
| Format | Journal Article |
| Language | English |
| Published |
Elsevier Ltd
01.09.2024
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| Abstract | Disruption and mess associated with energy efficiency retrofits is one aspect that is rarely considered in studies investigating households’ preferences for energy renovations. Using a choice experiment, we estimate a price for residential retrofit disruption, finding it represents a substantial proportion of associated energy cost savings among some households. There is considerable variance in willingness to pay for both energy cost savings and disruption avoidance, consistent with experience of many households investing in energy retrofits but also of government retrofit schemes falling far short of policy targets. Just 1-in-4 households are actively receptive to retrofit policy supports, and disruption posing a significant barrier to undertaking energy retrofits, means both contribute to the slow progress against public policy targets to improve residential energy efficiency.
•Disruption often cited as barrier to retrofit but rarely quantified.•We estimate a price for (avoiding) residential retrofit disruption.•Disruption defined by 4 discrete categories related to use of home during renovation.•Considerable heterogeneity in willingness to pay for disruption avoidance. |
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| AbstractList | Disruption and mess associated with energy efficiency retrofits is one aspect that is rarely considered in studies investigating households’ preferences for energy renovations. Using a choice experiment, we estimate a price for residential retrofit disruption, finding it represents a substantial proportion of associated energy cost savings among some households. There is considerable variance in willingness to pay for both energy cost savings and disruption avoidance, consistent with experience of many households investing in energy retrofits but also of government retrofit schemes falling far short of policy targets. Just 1-in-4 households are actively receptive to retrofit policy supports, and disruption posing a significant barrier to undertaking energy retrofits, means both contribute to the slow progress against public policy targets to improve residential energy efficiency. Disruption and mess associated with energy efficiency retrofits is one aspect that is rarely considered in studies investigating households’ preferences for energy renovations. Using a choice experiment, we estimate a price for residential retrofit disruption, finding it represents a substantial proportion of associated energy cost savings among some households. There is considerable variance in willingness to pay for both energy cost savings and disruption avoidance, consistent with experience of many households investing in energy retrofits but also of government retrofit schemes falling far short of policy targets. Just 1-in-4 households are actively receptive to retrofit policy supports, and disruption posing a significant barrier to undertaking energy retrofits, means both contribute to the slow progress against public policy targets to improve residential energy efficiency. •Disruption often cited as barrier to retrofit but rarely quantified.•We estimate a price for (avoiding) residential retrofit disruption.•Disruption defined by 4 discrete categories related to use of home during renovation.•Considerable heterogeneity in willingness to pay for disruption avoidance. |
| ArticleNumber | 114207 |
| Author | Lynch, Muireann Grilli, Gianluca Curtis, John |
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| Keywords | Retrofit Barrier Energy efficiency Disruption |
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| Title | Residential renovations: Understanding cost-disruption trade-offs |
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