Abstract
Solar PV (photovoltaic) technology has gained considerable attention worldwide, as it can help reduce the adverse effects of CO2 emissions. Though the government of Pakistan is adopting solar PV technology due to its environmental friendliness nature, studies focusing on consumer’s acceptance of solar PV are limited in the country. This research aims to close this knowledge gap by looking into the various considerations that may influence consumers’ willingness to adopt (WTA) solar PV for household purposes. The study further contributes by expanding the conceptual framework of the theory of planned behavior by including three novel factors (perceived risk, perception of self-efficacy, and openness to technology). The analysis is based on questionnaire data collected from 683 households in Pakistan’s provincial capitals, including Lahore, Peshawar, Quetta, Gilgit, and Karachi. The proposed hypotheses are investigated using the state-of-the-art structural equation modeling approach. The empirical results reveal that social norms, perception of self-efficacy, and belief about solar PV benefits positively influence consumers’ WTA solar PV. On the contrary, the perceived risk and solar PV cost have negative effects. Notably, the openness to technology has an insignificant effect. This study can help government officials and policymakers explore cost-effective, risk-free technologies to lessen the environmental burden and make the country more sustainable. Based on research results, study limitations, as well as prospective research directions, are also addressed.
Highlights
Climate change is a global environmental challenge, and to minimize its negative impacts, governments are implementing environmentally friendly technologies worldwide [1]
This study examines the willingness of Pakistani consumers to adopt solar PV using both existing and proposed novel factors
We examined households’ opinions by determining their willingness to adopt solar PV
Summary
Climate change is a global environmental challenge, and to minimize its negative impacts, governments are implementing environmentally friendly technologies worldwide [1]. The persistent advancement in the population and globalization development has increased the energy demand [2,3]. About two-thirds of the world’s increasing energy demand is owing to fossil fuels [5]. The continuous use of traditional sources in electricity generation is the primary cause of global climate change [6]. To combat global warming, the world must transition to clean energy sources [7,8]. Solar PV, a form of clean energy, has become more common in recent times and reached a global installed capacity of 303 GW, with a healthy annual
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