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Indian Journal of Marketing

ISSN: 0973-8703 Frequency: Monthly Peer Review: Double-blind Published since: 1968 Language: English
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Indexed in: Scopus Q3 UGC-CARE Group II ABDC: C Google Scholar J-Gate NAAS NISCAIR Crossref

Original Article

Open Access Original Article

Evaluation of Consumer Behaviour & Assessment of Factors Determining Acceptance of Solar Energy Products

Bindiya Kansal1Ajay Kumar Pathania2Jagdish Raj Saini3

1 Assistant Professor, Department of Management, Guru Nanak Institute of Management & Technology (GNIMT), Ludhiana, Punjab

2 Research Scholar, Department of Management, I.K.Gujral Punjab Technical University, Kapurthala, Punjab

3 Assistant Professor, Department of Management, Bharatiya Vidya Bhavan's Usha and Lakshmi Mittal Institute of Management, New Delhi

Volume 47
Issue 7
Pages 20–34
Year 2017
Received: April 10, 2017 Accepted: June 15, 2017 Published: July 1, 2017
Abstract

Punjab is one of the largest energy consuming states in India, where people face the shortage of electricity. Punjab needs an alternative source of energy. However, still, the state has not adopted solar energy as an alternative source of energy. This paper attempted to assess the awareness level and identify the major barriers that limit the diffusion of solar energy products. An exploratory factor analysis was applied to discover the factors that determine acceptance of solar energy products. The survey was conducted in Punjab covering six cities. Descriptive analysis was done to evaluate the present status of solar energy awareness. The factor analysis revealed five factors that explained more than 60% of variance. Lack of financial support by government and high initial costs were identified as the major barriers that limit diffusion of solar energy products.

Keywords Solar Energy New & Renewable Energy Consumer Behaviour Barriers
How to Cite

Bindiya Kansal, Ajay Kumar Pathania, Jagdish Raj Saini (2017). Evaluation of Consumer Behaviour & Assessment of Factors Determining Acceptance of Solar Energy Products. Indian Journal of Marketing, 47(7), 20–34. https://doi.org/10.17010/ijom/2017/v47/i7/116474

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