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.
| Original language | English |
|---|---|
| Article number | 34 |
| Number of pages | 25 |
| Journal | Solar |
| Volume | 6 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 3 Jun 2026 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy
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SDG 13 Climate Action
Keywords
- business models
- energy
- financial models
- funding models
- renewables
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