Third-party ownership business models and the operational performance of solar energy systems
| Autor: | Jose A. Guajardo |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Operations Research
Strategy and Management Yield (finance) solar energy Management Science and Operations Research Business model empirical analysis operational performance Empirical research Affordable and Clean Energy 0502 economics and business Production (economics) business models Marketing 050208 finance business.industry Applied Mathematics 05 social sciences Business and Management Environmental economics Service provider third-party ownership Solar energy Incentive business servicizing business models 050203 business & management Panel data |
| Zdroj: | Manufacturing and Service Operations Management, vol 20, iss 4 Manufacturing & Service Operations Management, vol 20, iss 4 |
| Popis: | The nonresidential solar energy market has grown rapidly in the United States. Companies considering the adoption of solar energy have an important choice: whether to purchase the system (direct ownership, or DO) or opt for an agreement with a service provider that offers third-party ownership (TPO). Although this decision is financially very important, empirical research comparing the two models from an operational perspective has been scarce. These issues are particularly relevant considering that federal and state incentives are commonly used to stimulate adoption. This paper presents an empirical analysis of the role of TPO in the operational performance of nonresidential solar energy installations in California. Using a panel data estimation framework, and accounting for factors that influence TPO adoption, the analysis shows that TPO systems performed, on average, approximately 4% better than DO systems) in terms of their production yield. This performance improvement is consistent with better system design under TPO, but not with better solar panel technology selection by TPO providers. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|