Analysis of household retrofit expenditures

Journal Article · Sat Jan 01 04:00:00 EST 1983 · Energy Syst. Policy; (United States)

OSTI ID:6640052

Hirst, E; Goeltz, R; Manning, H

The Energy Tax Act of 1978 established federal tax credits for household investments in certain energy conservation equipment (e.g., insulation, storm windows and doors, clock thermostats). Internal revenue Service data for 1978, 1979, and 1980 show that a total of more than 15 million returns claimed expenditures of $9.5 billion. State-level data on reported expenditures, household fuel costs, household income, heating degree days, population density, and the existence of state conservation tax credits and/or deductions were assembled for the three years. A regression equation was developed to explain variations in reported retrofit expenditures as a function of these explanatory variables plus dummy variables for the years 1979 and 1980. The equation explains 70 percent of the variation in reported expenditures across years and states. 26 references, 2 figures, 5 tables

• Research Organization: Oak Ridge National Lab., TN
• DOE Contract Number: W-7405-ENG-26
• OSTI ID: 6640052
• Journal Information: Energy Syst. Policy; (United States), Journal Name: Energy Syst. Policy; (United States) Vol. 7:4; ISSN ESYPB
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
291000* -- Energy Planning & Policy-- Conservation
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101 -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
COST
ECONOMIC ANALYSIS
ECONOMICS
ENERGY CONSERVATION
ENERGY TAX ACT
EQUIPMENT
HOUSEHOLDS
INVESTMENT
LAWS
NATIONAL ENERGY ACT
RETROFITTING
TAX CREDITS