Andor, Mark Andreas; Frondel, Manuel; Vance, Colin - 2015
paper empirically investigates the returns on investment in home-equipped photovoltaics (PV) installations. We find that … these returns were particularly high in the years 2009 to 2011, when large subsidies for solar electricity coincided with … evidence that, above all, wealthy households tend to benefit from the solar subsidies, whereas the costs of financing these …