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Demand grows for residential renewable energy

Demand grows for residential renewable energy

Jul 16, 2014

According to Accenture ACN’s annual New Energy Consumer research, Architecting for the Future, interest in residential renewable energy solutions will grow from 7% to 57% by 2020.

The research – conducted among 13,000 individuals in 26 countries – shows that over half of the world’s energy consumers would consider installing residential renewable energy solutions or solar panels over the next five years and possibly buying an electric vehicle in the next 10 years.

Architecting for the Future says a majority of customers are interested in a range of next-generation home and energy solutions from their energy provider, including advice on energy efficiency. Around 71% of consumers believe that their energy provider could do more to help them reduce their energy bills and only 21% said that they were comfortable with the reasons provided for recent price increases.

Residential alternative products and services are growing in demand, too. “While specialised providers are consumers’ default choice for solar panels and connected-home solutions, energy providers are currently a very close second,” said Greg Guthridge, Managing Director in Accenture’s utilities industry group.

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