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© 2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.

Abstract

Solar PV (photovoltaic) technology has gained considerable attention worldwide, as it can help reduce the adverse effects of CO2 emissions. Though the government of Pakistan is adopting solar PV technology due to its environmental friendliness nature, studies focusing on consumer’s acceptance of solar PV are limited in the country. This research aims to close this knowledge gap by looking into the various considerations that may influence consumers’ willingness to adopt (WTA) solar PV for household purposes. The study further contributes by expanding the conceptual framework of the theory of planned behavior by including three novel factors (perceived risk, perception of self-efficacy, and openness to technology). The analysis is based on questionnaire data collected from 683 households in Pakistan’s provincial capitals, including Lahore, Peshawar, Quetta, Gilgit, and Karachi. The proposed hypotheses are investigated using the state-of-the-art structural equation modeling approach. The empirical results reveal that social norms, perception of self-efficacy, and belief about solar PV benefits positively influence consumers’ WTA solar PV. On the contrary, the perceived risk and solar PV cost have negative effects. Notably, the openness to technology has an insignificant effect. This study can help government officials and policymakers explore cost-effective, risk-free technologies to lessen the environmental burden and make the country more sustainable. Based on research results, study limitations, as well as prospective research directions, are also addressed.

Details

Title
Do Perceived Risk, Perception of Self-Efficacy, and Openness to Technology Matter for Solar PV Adoption? An Application of the Extended Theory of Planned Behavior
Author
Arifa Tanveer 1   VIAFID ORCID Logo  ; Zeng, Shihong 2 ; Muhammad Irfan 3   VIAFID ORCID Logo  ; Peng, Rui 4 

 Applied Economics Department, College of Economics and Management, Beijing University of Technology, Beijing 100124, China; [email protected] 
 Applied Economics Department, College of Economics and Management, Beijing University of Technology, Beijing 100124, China; [email protected]; Finance and Economics Development Research Center, College of Economics and Management, Beijing University of Technology, Beijing 100124, China; Beijing Modern Manufacturing Development Research Base of Beijing Philosophy and Social Sciences, Beijing University of Technology, Beijing 100124, China 
 School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China; Center for Energy and Environmental Policy Research, Beijing Institute of Technology, Beijing 100081, China 
 Applied Economics Department, College of Economics and Management, Beijing University of Technology, Beijing 100124, China; [email protected]; Finance and Economics Development Research Center, College of Economics and Management, Beijing University of Technology, Beijing 100124, China 
First page
5008
Publication year
2021
Publication date
2021
Publisher
MDPI AG
e-ISSN
19961073
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2565221342
Copyright
© 2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.