<abstract xmlns="http://www.w3.org/1999/xhtml">
<sec><h3>Subject and purpose of work: </h3>
<p>The subject of the study consists of the biasess made when investing in photovoltaic panels. The purpose of the study is to identify biasess associated with investing in renewable energy sources.</p>
</sec>
<sec><h3>Materials and methods: </h3>
<p>Data from a survey conducted among owners of photovoltaic installations in Subcarpathia were used. The literature has identified papers on factors other than behavioral errors affecting investments in photovoltaic panels.</p>
</sec>
<sec><h3>Results: </h3>
<p>Respondents succumbed to the anchoring effect, the error of positive retrospection, information bias, choice-supportive bias and framing bias when deciding to invest in photovoltaic panels.</p>
</sec>
<sec><h3>Conclusions: </h3>
<p>The research conducted makes it possible to confirm that people’s behavior while investing is influenced by non-economic factors. Knowledge of behavioral biases can allow one to calibrate financial incentives in order to influence customers more effectively.</p>
</sec>
</abstract>

Subject and purpose of work: 
The subject of the study consists of the biasess made when investing in photovoltaic panels. The purpose of the study is to identify biasess associated with investing in renewable energy sources.

Materials and methods: 
Data from a survey conducted among owners of photovoltaic installations in Subcarpathia were used. The literature has identified papers on factors other than behavioral errors affecting investments in photovoltaic panels.

Results: 
Respondents succumbed to the anchoring effect, the error of positive retrospection, information bias, choice-supportive bias and framing bias when deciding to invest in photovoltaic panels.

Conclusions: 
The research conducted makes it possible to confirm that people’s behavior while investing is influenced by non-economic factors. Knowledge of behavioral biases can allow one to calibrate financial incentives in order to influence customers more effectively.

Behavioral Aspects of Investments in Renewable Energy Sources on the Example of Podkarpackie Province

Institute of Economics and Finance, University of Rzeszow

Economic and Regional Studies / Studia Ekonomiczne i Regionalne

This work is licensed under the Creative Commons Attribution 4.0 International License.

Subject and purpose of work: 
The subject of the study consists of the biasess made when investing in photovoltaic panels. The purpose of the study is to...

Behavioral Aspects of Investments in Renewable Energy Sources on the Example of Podkarpackie Province

Published Online: Apr 02, 2024

Page range: 164 - 180

Received: Sep 01, 2023

Accepted: Mar 01, 2024

DOI: https://doi.org/10.2478/ers-2024-0009

Keywords
behavioral biases, investment, photovoltaic panels

© 2024 Katarzyna Szara, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Behavioral Aspects of Investments in Renewable Energy Sources on the Example of Podkarpackie Province

Published Online: Apr 02, 2024

Page range: 164 - 180

Received: Sep 01, 2023

Accepted: Mar 01, 2024

DOI: https://doi.org/10.2478/ers-2024-0009

Keywordsbehavioral biases, investment, photovoltaic panels

© 2024 Katarzyna Szara, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
behavioral biases, investment, photovoltaic panels