More households are investing in the energy transition

IAccording to a KfW survey, more and more private individuals in Germany are investing in the energy transition. 29 percent of households According to the development bank on Tuesday, they now use at least one of the following technologies: photovoltaics, solar thermal energy, battery storage, heat pumps, combined heat and power, wood pellet heating or 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 lower-income households with it, warned KfW chief economist Fritzi Köhler-Geib in Frankfurt. “For many households, the rolling cost avalanche is yet to arrive.”

Large construction site thermal insulation

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 that was already perceived before the current gas crisis (…) is likely to intensify significantly again in the coming months,” concluded the KfW.

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.

“Since low-income households in particular 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″. in a fair energy transition are dwindling and broader sections of society can be included in the future – which both prevents social tensions and is essential for achieving climate protection goals.”

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