Abstract
Powers shortages is rampant in Africa of which Nigeria is not an exception and solar technology as a viable alternative source of electricity which would mitigate this problem has meted slow adoption. This study aimed to explore the impact of mindset/attitude from Theory of planned behavior (TPB), Disruptive Innovation Theory (DIA), awareness-knowledge, opportunity and barrier over managers (owners) of MSMEs intention to adopt solar technology for their businesses. A questionnaire was administrated to collect data from a sample of 400 managers (owners) of MSMEs respondents’ in Lagos State, Nigeria. A multivariate technique was applied to test the hypotheses using Structural Equation Modeling (AMOS-23). The findings showed that mindset/attitude, (DIA) and opportunity have a significant impact on solar technology intention, however, awareness-knowledge and barrier were not significant. These independent variables explained 71% variance of the dependent variable intention. In addition, DIA was found to have a significant impact on opportunity, barrier and mindset/attitude however, barrier on mindset/attitude was not significant. These findings not only provide evidence for MSMEs strategic planning to ensure sustainable business growth for their businesses but also provide new knowledge to policy and decision makers, the manufacturing & installation (suppliers) companies and other stakeholders for renewable energy as a part of long term sustainable development.
Highlights
There have been many instances or suppositions regarding the factors that motivates or hinders the small businesses and households towards the adoption of solar technology and insulation (LTD, 2006)
LTD (2006) report noted that achieving success in solar adoption, suppliers plays a very important role because, they attribute to the level of access of the product, provide the technical assistance, create awareness and provide necessary knowledge about the product through information availability which will trigger a decision to invest in solar energy technology (Board, 2020)
The importance of solar technology (Photovoltaic systems- PV) as a viable alternative to mitigate the problem of power shortages cannot be overemphasized because of the vital role of necessity it intends to play for business activities and everyday lives in Nigeria
Summary
There have been many instances or suppositions regarding the factors that motivates or hinders the small businesses and households towards the adoption of solar technology and insulation (LTD, 2006). Understanding the reason why the attitude is not changing makes it possible to determine how to re-strategize by the stakeholders involved, this includes the government, the manufacturing & installation (suppliers) companies, and the MSMEs managers (owners). The focus here is investigating the managers (owners) of MSME’s solar technology adoption intention which will be beneficial to other stakeholders as identified for effective policies from the energy consumer’s perspective. LTD (2006) report noted that achieving success in solar adoption, suppliers plays a very important role because, they attribute to the level of access of the product, provide the technical assistance, create awareness and provide necessary knowledge about the product through information availability which will trigger a decision to invest in solar energy technology (Board, 2020). K. Chen, 2014; Claudy, Garcia, & O’Driscoll, 2015; Claudy, Peterson, & O’driscoll, 2013; Wolske, Stern, & Dietz, 2017) and providing fiscal channels for instance, the application of tax reductions and subsidies to promote the technology as a viable alternative energy source is vital jsd.ccsenet.org
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