This behavioral analysis examines factors influencing consumer perception and willingness to pay for solar electricity, suggesting emphasis on environmental concerns and pricing transparency.
Transitioning to renewable energy is essential for sustainability and mitigating climate change. This examine examines consumer notion and willingness to pay for solar electricity through a stratified random sampling of 385 respondents. Statistical techniques, together with exploratory information evaluation, correlation analysis, logistic regression, and group comparisons, diagnosed key predictors of sun adoption. Results show that environmental concern is the most powerful motive force (coeff = 0.2348, p = zero.013), followed by the notion of carbon emission discount (coeff = 0.2128, p = 0.028). Surprisingly, government subsidies (p = zero.650) and training stage (p > 0.280) no longer notably affect adoption. Lower-profits companies exhibit better hobby (coeff = 0.5279, p = 0.096), in all likelihood due to subsi-dy reliance. Pricing transparency is likewise critical, as receiving a solar fee quote correlates strongly with adoption (r = 0.50). These findings spotlight the need for focus campaigns, monetary accessibility, and obvious pricing strategies to boost solar adoption.
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Gupta et al. (2025) studied this question.
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