Renewable specialist, Rexel UK, has welcomed new market research, which indicates that the solar power market will continue to grow at an unprecedented rate in the coming years, as more and more homeowners seek a solution to the rising cost of energy prices.
According to a new survey by market researcher, Mintel, three fifths of householders are now considering the solar PV option, as a result of the perpetual rise in energy bills. And the consensus from industry experts is that the demand for solar PV, which has exploded since 2010, shows massive growth potential.
Brian Smithers, strategic development director, Rexel UK, said: “This recent survey further substantiates the position Rexel has long taken regarding the continuing growth of the solar energy market.
“The reality is that with energy prices on the up and the fuel poverty crisis escalating, our current approach to energy isn’t sustainable and we must take action today. Solar PV is integral to this, providing an affordable, effective energy alternatives and security from further changes.
“More so, in terms of the initial investment, the support of government financial incentive schemes, such as the Renewable Heat Incentive, the Green Deal and Feed-in Tariffs, mean the payback period can be greatly reduced – making the argument for solar PV even more compelling for the consumer.
“In pre-empting the birth of the solar revolution, last year we launched the Energeasy Solar online service, giving installers the tools they need to offer homeowners a comprehensive and transparent service, ultimately building trust and confidence in the sector.”