Policy Solution
Solar panels
Incentive
Overview:
Summary: Installing solar panel systems on rooftops provide the dual benefits of providing renewable energy as well as direct cooling to buildings. The energy produced by solar energy can help offset energy costs for air conditioning.
Implementation: Offer energy rebates for installation of solar panels.
Considerations for Use: Solar panels can be applied in a diversity of climates and contexts with low maintenance costs. Upfront capital costs to buy and install solar panels is typically prohibitive or a deterrent for lower-income households.
- Policy Levers:
IncentiveFinancial and non-financial incentives to encourage stakeholders to implement heat risk reduction and preparedness solutions, including rebates, tax credits, expedited permitting, development/zoning bonuses, and more. - Trigger Points:
No-regrets actions (low cost/low effort but substantial benefit)Interventions that are relatively low-cost and low effort (in terms of requisite dependencies) but have substantial environmental and/or social benefits. - Intervention Type:
Buildings and Built Form - Sectors:
Buildings, Informal Settlements, Public Works
- Target Beneficiaries:
Property owners, Residents - Phase of Impact:
Risk reduction and mitigation - Metrics:
Amount of energy produced by solar energy
Impact:
Implementation:
- Intervention Scale:
Building - Authority and Governance:
City government, National government, State government - Implementation Timeline:
Medium-term (3-9 Years) - Implementation Stakeholders:
City government, Private developers, Property owners and managers - Funding Sources:
private investment, Public investment - Capacity to Act:
High, Medium
- Cost-Benefit:
Low - Public Good:
Low - GHG Reduction:
Medium - Co-benefits (Climate/Environmental):
Reduce greenhouse gas emissions - Co-benefits (Social):
Create jobs, Save on utilities