Does willingness to pay for green energy differ by source?

  • Borchers A
  • Duke J
  • Parsons G
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Abstract

We present the findings of a choice experiment designed to estimate consumer preferences and willingness-to-pay (WTP) for voluntary participation in green energy electricity programs. Our model estimates WTP for a generic "green energy" source and compares it to WTP for green energy from specific sources, including wind, solar, farm methane, and biomass. Our results show that there exists a positive WTP for green energy electricity. Further, individuals have a preference for solar over a generic green and wind. Biomass and farm methane are found to be the least preferred sources. © 2007 Elsevier Ltd. All rights reserved.

Author-supplied keywords

  • Choice experiment
  • Solar
  • Wind

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