PT  - JOURNAL ARTICLE
AU  - Germeshausen, Robert
AU  - von Graevenitz, Kathrine
TI  - State Mandates on Renewable Heating Technologies and the Housing Market
AID  - 10.3368/le.99.4.061422-0045R
DP  - 2023 Nov 01
TA  - Land Economics
PG  - 543--557
VI  - 99
IP  - 4
4099  - http://le.uwpress.org/content/99/4/543.short
4100  - http://le.uwpress.org/content/99/4/543.full
AB  - We study the effect of a state-level mandate on renewable heating technologies on the housing market. The mandate requires a minimum share of 10% renewable energy sources when changing the heating system in the existing building stock. The mandate could lower the relative price of homes in the existing building stock. We implement a two-stage difference-in-differences nearest neighbor matching approach to identify the effect on prices taking advantage of differences in regulation by location and vintage of the building stock. We find no evidence of a negative effect of the mandate on housing prices.