Are market-related factors influencing consumers' adoption of solar PV?

Market-related factors are also found to be playing an important role in influencing consumers' adoption of solar PV. Approximately 12% of studies included in the review have examined the effect of such factors.

What factors influence solar PV adoption?

This paper systematically reviews the evidence presented in 146 peer-reviewed studies to identify the factors influencing solar PV adoption. The identified factors are grouped into eight factors: economic, environmental, personal, social, demographic, technical, market-related and regulatory.

Why are cost-related factors important in the adoption of solar PV?

The reviewed literature firstly reveals that cost-related factors are among the most important in the adoption of solar PV, due at least in part to the high cost of the technology .

What determinants determine consumers' willingness to use solar PV?

In addition to technical functionality and consumer trust in the technology, the actual generation potential is a significant determinant in consumers' willingness to use solar PV. This potential is directly linked to the amount of solar radiation the PV receives : a higher level of radiation can lead to improved energy production.

Does a household use solar PV?

Panos and Margelous suggest that a household's ability to efficiently use energy generated from solar PV also plays a role in adoption. Komatsu et al. conducted a study in Bangladesh and found that households with installed batteries are more likely to use solar PV as it can provide the opportunity to store energy for later use. 3.2.7.

Do regulatory factors influence consumers' willingness to adopt solar PV?

Approximately 32% of studies included regulatory aspects when assessing consumers' willingness to adopt solar PV. Research conducted by Jirakiattikul et al. assessed the effectiveness of governments’ motivation in promoting solar energy and reported it to be an important factor in influencing widespread adoption.