Despite the energy price cap being lowered, 49% of UK homeowners are considering investing in solar panels for their home, according to research by Marley.
It also revealed that nine in 10 are considering the switch to help them to further reduce energy bills.
The survey of 2,000 UK homeowners found that 46% of respondents said they were considering investing as a way to reduce their household carbon emissions.
However, the biggest variances were seen across different generations, with 43% of those aged 65 and over thinking of installing solar panels, compared with two thirds of Gen Zs and millennials.
The research found that there also seems to be a disconnect when it comes to being more environmentally conscious, with 60% of Gen Zs considering solar panels as a way to be more sustainable, in comparison to only 38% of those aged 65 and over.
When questioned on the main barriers preventing more homeowners from installing renewable technology, the cost of the panels was identified as the biggest barrier, 61%, followed by a lack of understanding of how they work, 28%, while 27% of respondents said they did not like the look of the panels.
Furthermore, when questioned on whether they were aware of the UK government’s plans to make homes more energy efficient, 54% responded ‘no’ or ‘don’t know’.
Dan Redfern, head of marketing communications from Marley, said: “There is a potential 60% decrease in costs per kWh when adopting solar energy. This saving, on top of the fact homeowners can potentially sell unused energy back to the grid and earn money, means it’s becoming increasingly attractive to switch to solar PV.
“However, the cost often associated with installation remains a barrier for many, despite the government trying to address this with changes such as removing planning permission to install solar panels on flat roofs.
“Yet, our research found that less than half of homeowners are aware of the current government policies to make UK homes more energy efficient. It’s therefore clear more needs to be done to educate the nation about the options available to them when it comes to renewable technologies, such as solar, to not only benefit them today, but to also ensure a sustainable future for generations to come.”