29 percent of households are investing in the energy transition

solar systems

The recent significant increase in energy prices is a problem for many people

(Photo: dpa)

Frankfurt More and more private individuals Germany invest one KfW-According to the survey, in the energy transition. According to the development bank on Tuesday, 29 percent of households now use at least one of the following technologies: photovoltaics, solar thermal energy, battery storage, heat pumps, combined heat and power, wood pellet heating, electric cars.

In the survey in the previous year, it was still 26.5 percent. The proportion of households planning purchases in this area has almost doubled from 7 percent to 13 percent.

The move away from fossil fuels such as oil, natural gas and coal as well as nuclear energy will ultimately only work if the state also takes low-income households with it, warned KfW-Chief economist Fritzi Koehler-Geib in Frankfurt. “For many households, the rolling cost avalanche is yet to arrive.”

According to the representative survey, a good half of the households (52 percent) said they felt great or very great cost pressure in the heat supply even before the Ukraine war. “The cost pressure already felt before the current gas crisis (…) is likely to intensify significantly again in the coming months,” concluded KfW.

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A problem for many people in view of the recent significant increase in energy prices: They live in relatively poorly insulated houses. According to KfW, not even one in three (29 percent) of the households surveyed already lives in well-insulated buildings. Just under 30 percent also live in apartments or houses that still have single-glazed windows, for example.

“Because it is primarily low-income households who live in poorly insulated properties, it is precisely here that financial hurdles and information deficits must be removed during refurbishment,” write the KfW economists in their “Energy Transition Barometer 2022”.

“This can also contribute to the fact that the existing doubts about a fair energy transition disappear and that broader parts of society can be taken along in the future – which both prevents social tensions and is essential for achieving the climate protection goals.”

By 2045 Germany wants to have achieved climate neutrality. This means that only as many greenhouse gases as carbon dioxide (CO2) should then be emitted as can be bound again.

More: Material bottlenecks are slowing down the solar boom in Germany

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