LAPSE:2023.33944
Published Article
LAPSE:2023.33944
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
Arifa Tanveer, Shihong Zeng, Muhammad Irfan, Rui Peng
April 24, 2023
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.
Keywords
consumers, Pakistan, solar PV technology, structural equation modeling, theory of planned behavior, willingness to adopt
Suggested Citation
Tanveer A, Zeng S, Irfan M, Peng R. 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. (2023). LAPSE:2023.33944
Author Affiliations
Tanveer A: Applied Economics Department, College of Economics and Management, Beijing University of Technology, Beijing 100124, China [ORCID]
Zeng S: Applied Economics Department, College of Economics and Management, Beijing University of Technology, Beijing 100124, China; Finance and Economics Development Research Center, College of Economics and Management, Beijing University of Technology, Beijing 1
Irfan M: 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 [ORCID]
Peng R: Applied Economics Department, College of Economics and Management, Beijing University of Technology, Beijing 100124, China; Finance and Economics Development Research Center, College of Economics and Management, Beijing University of Technology, Beijing 1
Journal Name
Energies
Volume
14
Issue
16
First Page
5008
Year
2021
Publication Date
2021-08-15
Published Version
ISSN
1996-1073
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PII: en14165008, Publication Type: Journal Article
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LAPSE:2023.33944
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doi:10.3390/en14165008
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Apr 24, 2023
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