Socioeconomic Factors Influencing the Prosumer’s Investment Decision on Solar Power

This paper identifies socioeconomic factors that are supposed to impact the investment decision of private households in Germany regarding small-scale solar PV (photovoltaic) systems. In 2022, the last nuclear power plant will phase out and the end of coal-fired power plants is fixed for 2038. Thus,...

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Autores principales:	Patrick Rausch, Michał Suchanek
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	renewable energy prosumer decision factor analysis investment decision Technology T
Acceso en línea:	https://doaj.org/article/5211ba8327cb433bb0549508522c3d46
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spelling	oai:doaj.org-article:5211ba8327cb433bb0549508522c3d462021-11-11T15:56:13ZSocioeconomic Factors Influencing the Prosumer’s Investment Decision on Solar Power10.3390/en142171541996-1073https://doaj.org/article/5211ba8327cb433bb0549508522c3d462021-11-01T00:00:00Zhttps://www.mdpi.com/1996-1073/14/21/7154https://doaj.org/toc/1996-1073This paper identifies socioeconomic factors that are supposed to impact the investment decision of private households in Germany regarding small-scale solar PV (photovoltaic) systems. In 2022, the last nuclear power plant will phase out and the end of coal-fired power plants is fixed for 2038. Thus, the legislator is mandated to foster the addition of renewable energy capacities to close the gap fossil fuels and nuclear power leaves. Some share of the renewable energies could be from private households that mainly invest in small-scale solar PV systems. To stimulate investments, it is necessary to identify factors that are important for the investment decisions of private households. Within this paper, secondary socioeconomic data for the period from 2009–2018 was compiled. In order to identify the latent variables, a factor analysis was conducted. The results state five factors that are supposed to impact the investment decisions of the prosumer in Germany.Patrick RauschMichał SuchanekMDPI AGarticlerenewable energyprosumer decisionfactor analysisinvestment decisionTechnologyTENEnergies, Vol 14, Iss 7154, p 7154 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	renewable energy prosumer decision factor analysis investment decision Technology T
spellingShingle	renewable energy prosumer decision factor analysis investment decision Technology T Patrick Rausch Michał Suchanek Socioeconomic Factors Influencing the Prosumer’s Investment Decision on Solar Power
description	This paper identifies socioeconomic factors that are supposed to impact the investment decision of private households in Germany regarding small-scale solar PV (photovoltaic) systems. In 2022, the last nuclear power plant will phase out and the end of coal-fired power plants is fixed for 2038. Thus, the legislator is mandated to foster the addition of renewable energy capacities to close the gap fossil fuels and nuclear power leaves. Some share of the renewable energies could be from private households that mainly invest in small-scale solar PV systems. To stimulate investments, it is necessary to identify factors that are important for the investment decisions of private households. Within this paper, secondary socioeconomic data for the period from 2009–2018 was compiled. In order to identify the latent variables, a factor analysis was conducted. The results state five factors that are supposed to impact the investment decisions of the prosumer in Germany.
format	article
author	Patrick Rausch Michał Suchanek
author_facet	Patrick Rausch Michał Suchanek
author_sort	Patrick Rausch
title	Socioeconomic Factors Influencing the Prosumer’s Investment Decision on Solar Power
title_short	Socioeconomic Factors Influencing the Prosumer’s Investment Decision on Solar Power
title_full	Socioeconomic Factors Influencing the Prosumer’s Investment Decision on Solar Power
title_fullStr	Socioeconomic Factors Influencing the Prosumer’s Investment Decision on Solar Power
title_full_unstemmed	Socioeconomic Factors Influencing the Prosumer’s Investment Decision on Solar Power
title_sort	socioeconomic factors influencing the prosumer’s investment decision on solar power
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/5211ba8327cb433bb0549508522c3d46
work_keys_str_mv	AT patrickrausch socioeconomicfactorsinfluencingtheprosumersinvestmentdecisiononsolarpower AT michałsuchanek socioeconomicfactorsinfluencingtheprosumersinvestmentdecisiononsolarpower
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Socioeconomic Factors Influencing the Prosumer’s Investment Decision on Solar Power

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