Renewable Energy is favoured by over a third

Renewable energyOver a third of people think making money is not as important as protecting the environment and would install solar PV panels, regardless of the financial benefit.

A Solar comparison website surveyed 2,000 people and found 36% of people would embrace a renewable technology simply out of concern for the environment over slashing their energy bills.

A spokesperson for the energy efficiency specialists said: “The findings suggest a large proportion of people care about the environment more than money, which is wonderful. As it happens Solar panels are a great financial investment too but we suggest that if more people knew more about the environmental benefits of PV, we could see a greater interest in them. This could also provide a great boost to the industry.

Reza Shaybani, Chairman of the British Photovoltaic Association (BPVA) said “While it is important not to forget the environmental benefits of panels, people should look to their high Return On Investment first”.

He said: “The reasons most people should be interested in Solar PV is the generous ROI which the BPVA estimate at 8-10%. It is true that feed-in-tariffs have dropped, but so has the cost of a panel itself and its installation. People should also be looking to ensure they have secure supply of energy and one of the best ways to do this is generate your own. Of course Solar panels are also much better for the environment than fossil fuels but we understand when money is a problem this may not be everyone’s top priority”

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This entry was posted on Monday, February 11th, 2013 at 12:40 pm and is filed under Solar PV. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.