The Distributional Effects of US Clean Energy Tax Credits

@article{Borenstein2015TheDE,
  title={The Distributional Effects of US Clean Energy Tax Credits},
  author={Severin Borenstein and Lucas W. Davis},
  journal={Tax Policy and the Economy},
  year={2015},
  volume={30},
  pages={191 - 234}
}
Since 2006, US households have received more than $18 billion in federal income tax credits for weatherizing their homes, installing solar panels, buying hybrid and electric vehicles, and other “clean energy” investments. We use tax return data to examine the socioeconomic characteristics of program recipients. We find that these tax expenditures have gone predominantly to higher-income Americans. The bottom three income quintiles have received about 10% of all credits, while the top quintile… 

When might lower-income drivers benefit from electric vehicles? Quantifying the economic equity implications of electric vehicle adoption

Introduction Electric vehicles (EVs)1 can dramatically reduce local air pollution and carbon emissions. But relatively little analysis has been done on the broader potential economic benefits as the

The Marginal Social Value of Electric Vehicle Subsidies - Preliminary Evidence

This paper estimates the distributional impact of electric vehicle subsidies. While micro-data that would establish their exact impact, are not yet available, other data sources provide strong priors

An Introduction to Energy Policy Trade-Offs between Economic Efficiency and Distributional Equity

ECONOMISTS GENERALLY AGREE that pricing the externality is the most efficient way to address social damages from fossil fuel use. Policy makers, however, often enact mandates such as energy

(Preliminary and not for attribution) Household Discount Rates and Net Energy Metering Incentives for Rooftop Solar Adoption

Net Energy Metering policies common to 41 U.S. states and parts of Europe subsidize distributed solar electricity generation by affording the generator displacement of grid electricity and export

Not all subsidies are equal: measuring preferences for electric vehicle financial incentives

Financial incentives, such as purchase subsidies, have been found to increase plug-in electric vehicle (PEV) adoption, but how these incentives are designed can impact their effectiveness as well as

The Efficiency and Sectoral Distributional Impacts of Large-Scale Renewable Energy Policies

  • Mar Reguant
  • Economics
    Journal of the Association of Environmental and Resource Economists
  • 2019
Renewable energy policies have grown in popularity. Given that renewable energy costs are mostly nonmarginal, due to the large presence of fixed costs, there are many different ways to implement

Understanding the Distributional Impacts of Vehicle Policy: Who Buys New and Used Alternative Vehicles?

This research project explores the plug-in electric vehicle (PEV) market, including both Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs), and the sociodemographic

Are Fuel Economy Standards Regressive?

Despite widespread agreement that a carbon tax would be more efficient, many countries use fuel economy standards to reduce transportation-related carbon dioxide emissions. We pair a simple model of

The Environmental Cost of Global Fuel Subsidies

Despite increasing calls for reform many countries continue to provide subsidies for gasoline and diesel. This paper quantifies the external costs from global fuel subsidies using the latest

Hidden benefits and dangers of carbon tax

Many scholars argue that revenue from carbon taxes should be used to replace other taxes, such as taxes on capital or labor, in order to minimize economic damage or compensate for the regressive
...

References

SHOWING 1-10 OF 49 REFERENCES

Distributional and Efficiency Impacts of Increased US Gasoline Taxes

We examine the impacts of increased U.S. gasoline taxes with a model that links the markets for new, used, and scrapped vehicles. Parameters for the household demand side of the model derive from an

An Evaluation of Tax Credits for Residential Energy Efficiency

This paper evaluates tax credits for residential energy efficiency enacted by the Energy Policy Act of 2005, using taxpayer microdata and state-level data on electricity costs, climate, and other

THE INITIAL INCIDENCE OF A CARBON TAX ACROSS INCOME GROUPS

Carbon taxes efficiently reduce greenhouse gas emissions, but are criticized as regressive. This paper links dynamic overlapping-generation and micro-simulation models of the United States to

The Incidence of U.S. Climate Policy: Alternative Uses of Revenues from a Cap-and-Trade Auction

This paper evaluates the costs to households of a carbon dioxide (CO₂ cap-and-trade program. We find important variation in the distribution of costs of the policy across 11 regions of the country

Giving Green to Get Green: Incentives and Consumer Adoption of Hybrid Vehicle Technology

Federal, state, and local governments use a variety of incentives to induce consumer adoption of hybrid-electric vehicles. We study the relative efficacy of state sales tax waivers, income tax

Efficiency and Tax Incentives: The Case for Refundable Tax Credits

Each year the federal individual income tax delivers over $500 billion worth of incentives intended to encourage socially beneficial activities. Despite their efficiency rationale and substantial

Getting Green with Solar Subsidies: Evidence from the California Solar Initiative

Subsidies to promote energy efficiency and renewable energy have been widely adopted. We study the California Solar Initiative and find upfront rebates have a large effect on residential solar