Exploration of Funding Models for Residential Solar Photovoltaic Adoption in the United Kingdom: Systematic Review

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Authors: Dinusha Wilegoda, Chamara Panakaduwa, Nishan Mallikarachchi, Devindi Geekiyanage
Cited by: 1
References: 47

Abstract

Renewable energy is a central component of global sustainable energy development, with solar energy experiencing substantial growth over recent decades. Solar power is widely regarded as one of the most accessible routes to clean energy generation. However, high upfront costs remain a major barrier to adoption. Many potential users are reluctant to invest in solar photovoltaic (PV) systems because of the longer payback period. To address this financial constraint, a range of business models has been developed. This study used a systematic literature review to examine existing and emerging business models for promoting Solar PV solutions. The review included peer-reviewed journal articles published in English from 2020 to 2026. In total, 39 articles were critically evaluated considering their characteristics. Nine potential business models were identified, several of which are commonly used internationally and have shown positive results that could also be applied in the UK. Importantly, Community Energy Models have shown success in Europe, Sub-Saharan and Asian regions. This has been widely supported by the government due to sustainability and climate change targets. The UK has set their target to achieve net-zero in greenhouse gas emissions by 2050. Beyond financial barriers, reliance on weather conditions and the mismatch between energy demand and supply remain substantial barriers to wider solar PV deployment.

Fields of Study & Subjects

Hybrid Renewable Energy Systems Smart Grid Energy Management Integrated Energy Systems Optimization

Publication details

Journal / source
Solar
Publisher
MDPI AG
Volume
6
Issue
3
Pages
34–34
Publication date
3 June 2026
Language
EN