Abstract
This paper employs multiple hedonic regressions to estimate the impact of solar potential on housing prices in the United States, utilizing data from Google’s Project Sunroof and the Residential Energy Consumption Survey from the Energy Information Administration. The empirical analysis, based on two sets of regressions, yields mixed results. At the state level, I find a marginally significant but negligible positive relationship. At the zip code level, the relationship is statistically significant and negative but has a low R-squared value, indicating limited explanatory power. While these findings vary, they emphasize the importance of examining the effects of solar energy on housing markets at different scales. This relationship is vital for policymakers shaping renewable energy policies to prevent the exacerbation of unaffordable housing or other unintended socioeconomic consequences.
Advisor
Ling Liu, Jancy
Department
Business Economics
Recommended Citation
Schulze, Riley, "The Price of Energy: Investigating the Impact of Photovoltaic Rooftop Solar On Housing Prices Using Solar Potential" (2025). Senior Independent Study Theses. Paper 11457.
https://openworks.wooster.edu/independentstudy/11457
Disciplines
Business | Oil, Gas, and Energy | Real Estate
Publication Date
2025
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2025 Riley Schulze