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Seminars

Means-Tested Solar Subsidies

Date: Wednesday, Oct 15, 2025, 16:30 ~ 17:45
Speaker: Mark Colas (Oregon)
Location: 우석경제관(223동) 109호
◈ 주   제 : Means-Tested Solar Subsidies (with Emmett Reynier)

◈ 발표자 : Mark Colas (Oregon)

◈ 일   시 : 2025년 10월 15일 수요일 16:30 ~ 17:45
◈ 장   소 : 우석경제관(223동) 109호

◈ 주   관 : 경제학부, 경제연구소 한국경제혁신센터, SSK, BK21

세미나 이전에 연사님과 개인면담을 원하시는 분은 아래 구글 스프레드시트에서 원하시는 시간에 성함을 기입해주시기 바랍니다. 개인면담 스프레드시트는 14일 오후 4시에 마감하도록 하겠습니다. 

https://docs.google.com/spreadsheets/d/1fwKtAIRI2G8B6nq94EOYRHyDE-p_r6tJ57vqmKF_6G4/edit?usp=sharing

 세미나는 경제학부 BK21 관련 세미나 참석으로 인정됩니다.
 경제학부 대학원생  세미나 참석 인정을 받기를 원하시는 학생은 세미나 종료  세미나실 내에 위치한 참석 명단을 기재해 주시기 바랍니다.

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Abstract

We study the design of income-contingent subsidies for residential solar panels. We develop sufficient statistics for evaluating the cost-effectiveness of means-tested subsidies and estimate them using remotely sensed data on solar panel installations across the US and a border-discontinuity design. Our estimates reveal that the responsiveness of installation rates to subsidies is strongly decreasing in income. Using these empirical estimates, we estimate a structural model that embeds a solar adoption decision into a dynamic consumption/savings framework with bor- rowing constraints. Counterfactuals reveal that switching to production-maximizing income-contingent solar subsidies leads to a nearly three-fold increase in public funds received by low-income households and a 2.4% increase in national solar production. Means-tested subsidies are justified on equity and efficiency grounds.

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