UK Green Tech Adoption Driven By High Energy Bill Costs
Posted by: electime 23rd October 2024
The Eco Experts’ 2024 National Home Energy Survey has revealed that saving money on energy bills is the most popular reason for adopting low carbon technology in the UK.
UK low carbon tech adoption is rising
The UK population is making more green tech purchases, with solar panel purchases having risen by 13 percentage points year-on-year, while heat pump purchases rose by 5 percentage points.
Top 3 reasons for adopting low carbon tech:
- Energy bill saving (51%)
- Government incentive (18%)
- Environmental concerns (15%)
Financial worries outweigh environmental concerns
The Eco Experts’ survey of 2,184 UK adults found that respondents were more likely to purchase green tech due to their own financial worries, rather than for environmental concerns.
Just 15% of UK adults purchase green because of concern for the environment, whereas over half (51%) of respondents purchase low carbon technologies to save money on their energy bills.
High energy bills drive green tech adoption
Graham Hendra, a UK homeowner from Southampton, told The Eco Experts that his reason for adopting low carbon tech in the home is because he “wants to save on monthly bills” and “doesn’t like giving energy companies loads of money.”
Mr Hendra added that “My electricity bill is quite high so I want to reduce that and not buy as much from the National Grid. The carbon offset is a bonus.”
The Eco Experts’ Energy Expert, Christopher McFadden, comments:
“In a world that is becoming increasingly more unstable, it is more important than ever to become as energy independent as possible.
Renewable energy systems, whether traditional, like solar panels and wind turbines, or more up-and-coming, like micro-CHP, are a great way to cut your reliance on fossil fuels.
You should think of it like investing. If it saves you money now and in the future, stops you from worrying about rising energy costs, and adds value to your home, that can’t be a bad thing, can it?”
Managing Director of Project Solar UK, Tom Armstrong, adds:
“It’s incredibly heartening to see that the vast majority of those who invest in low-carbon technologies are extremely satisfied with their choice.
Over the last 13 years, we’ve consistently received the same positive feedback from our customers, who report significant savings on energy costs and a notable boost in efficiency thanks to their solar panels.”
