An Examination of Households’ Attitudes towards Renewable Energy Source Investments in Lower Silesian Voivodeship

Marta Stanisławska ()
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Marta Stanisławska: Faculty of Law, Administration and Economics, University of Wroclaw, 50-137 Wroclaw, Poland

Energies, 2023, vol. 16, issue 20, 1-18

Abstract: This study presents findings from an empirical investigation into households’ decisions to further invest in renewable energy sources (RES). In the Lower Silesian Voivodeship, the survey gathered responses from 300 single-family homeowners who had already invested in RES. Notably, household income emerged as a significant influencer, with higher income levels correlating to a greater inclination for RES investment. Surprisingly, owning photovoltaic batteries was associated with reduced intent for further RES investment, potentially indicating contentment with prior outcomes. Moreover, many respondents reported decreased energy costs post-RES investment, underscoring its economic viability. Nonetheless, results also revealed a perceived shortfall in government financial support, suggesting a need for more effective support mechanisms. Economic factors, including financial accessibility and perceived profitability, were pivotal drivers for RES investment. Policy interventions should account for these factors to bolster green energy adoption, particularly for low-income households. Future research should probe the reasons behind perceived government support insufficiency and discern the roles of different forms of financial assistance. These endeavors could refine policy frameworks and invigorate energy transition efforts. In conclusion, the study highlights households’ keen interest in RES investment in the Lower Silesian Voivodeship. Household income stood out as a critical determinant, underlining economic factors’ sway over investment decisions. An intriguing observation was that prior photovoltaic battery ownership might temper enthusiasm for future RES investments. Most respondents experienced energy cost reduction, reinforcing RES benefits, though calls for improved government support remain. Economic considerations drive RES investment and warrant policy attention. Future research could probe the causes of perceived support shortfalls and untangle financial aid impacts for more targeted approaches to energy transition.

Keywords: renewable energy sources; investment decisions; energy transition (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
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