April 22 (SeeNews) - As many as 60% of Brits who do not have solar panels would consider installing the technology on their roofs in the next five years in a finding that bodes well for the UK solar market.
A report by market research firm Mintel released on Wednesday shows that free solar panels through a "rent-a-roof" scheme are the most preferred option, considered by 39% of those who currently do not have solar installations on their homes. Personally buying panels and using Green Deal finance are options looked at by 23% and 26%, respectively.
For the roughly 40% who would not consider installing panels the main deterrent is the fact that they think their roof is not suitable, followed by replacement and maintenance costs concerns, and relocation plans.
According to the research, the UK solar market is expected to grow by more than 30% in terms of installed capacity in 2015, reaching 7.1 GW. The market was boosted by strong large-scale, ground-mounted installations during the first quarter, before the policy changed in April, Mintel said. Growth is expected to continue at more moderate rates in the following three years and total installed capacity is forecast to reach almost 11 GW in 2018.
"The UK solar panels market saw a shift in focus from roof-top to large-scale ground mounted installations in 2013 and even more so in 2014. However, with policy changes coming into force in April 2015, activity over the coming years is set to centre around midscale building-mounted, commercial and industrial onsite generation and domestic deployment," said Mintel industrial analyst Claudia Preedy.