Nederpelt, Maikel (2023) Factors Influencing Energy Efficiency Investments: a Case Study on Dutch Homeowners. Master thesis.
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Abstract
The Dutch government’s goal to become a climate neutral country necessitates the encouragement of homeowners to invest in energy efficiency measures (EEMs). To achieve this goal, policymakers need to comprehend the underlying drivers that prompt homeowners to invest in EEMs. This study aims to aid policymakers in comprehending the investment behaviour of Dutch homeowners by investigating the reasons behind their investment decision and identifying the factors that determine the amount of capital homeowners allocate to EEMs. The model of this study includes various motivational-, contextual- and personal factors that impact investment behaviour, as indicated by prior empirical studies. The findings reveal that motivational factors and the contextual factors age and building type are the most significant predictors in the investment decision as they influence the likelihood of homeowners to invest. Personal factors have the greatest impact on the investment itself, as gross household income and the availability of subsidies affect the magnitude of the investment. These findings have substantial implications for policymakers in the Netherlands, who can leverage them to design effective policies to encourage homeowners to invest in EEMs, thereby achieving their climate policy targets.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Liu, X. |
| Date Deposited: | 25 Aug 2023 11:35 |
| Last Modified: | 25 Aug 2023 11:35 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4326 |
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