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Residential Building Codes Do Save Energy: Evidence from Hourly Smart-Meter Data.
- Source :
- Review of Economics & Statistics; Jul 2022, Vol. 104 Issue 3, p483-500, 18p, 1 Diagram, 3 Charts, 6 Graphs
- Publication Year :
- 2022
-
Abstract
- In 1978, California adopted building codes designed to reduce the energy used for temperature control. Using a rich data set of hourly electricity consumption for 158,112 houses in Sacramento, we estimate that the average house built just after 1978 uses 8% to 13% less electricity for cooling than a similar house built just before 1978. Comparing the estimated savings to the policy's projected cost, our results suggest the policy passes a cost-benefit test. In settings where market failures prevent energy costs from being completely passed through to home prices, building codes can serve as a cost- effective tool for improving energy efficiency. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00346535
- Volume :
- 104
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Review of Economics & Statistics
- Publication Type :
- Academic Journal
- Accession number :
- 156868411
- Full Text :
- https://doi.org/10.1162/rest_a_00967