marketing

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Tuesday, March 30, 2010

Public Confusion About Solar

Posted on 11:01 AM by Unknown
There are many things that confuse the public when it comes to solar.  Included on the lengthy list of confusing factors are items such as: incentives, regulations, restrictions, warranties, technology differences and financing options.

But in my mind, the bigger issue comes from the fact that "confusion" translates into "high risk" in the minds of consumers.

Whenever something appears to be more complex or confusing than the status quo (a.k.a. power from the electric utility) most consumers label that item as a source of risk. This perception of risk comes from the potential consequences of making the wrong decision, based on confusing or complex information.

With most consumer products there is little penalty for making a wrong choice. If you buy a pair of blue jeans and they don't look good, the most you've lost is a couple of hours of time and somewhere around $100.

But if a solar installation goes bad, the consumer is looking at losing thousands of dollars, the potential of roof damage/repair, time without electric power, inconvenience, etc., etc.  In other words a massive and costly disruption in their lives.

The perceived risk of solar in the mind of the consumer presents the biggest barrier to mainstream adoption of solar power.


Related Articles:
Marketing High Risk Products
Email ThisBlogThis!Share to XShare to Facebook
Posted in marketing management, solar power, Warren Schirtzinger | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Meet the Gatekeeper of Solar's Mainstream Market
    The solar industry has been selling to an early market of innovators and early adopters for many years now. And there are still plenty of cu...
  • Branding Only Works on Cattle
    I'm all in favor of promoting solar and raising awareness for renewable energy.  It doesn't matter if it's with buttons, bumper ...
  • The Easy Solar Segments Are Gone
    Today's solar markets have exhausted the "easy" segments. Typically, customers exhibit purchase behavior over time that is dif...
  • Product Adoption Fundamentals
    The Technology Adoption Lifecycle is a model that describes a market’s acceptance of a new technology in terms of the types of consumers it ...
  • Akeena Solar's Market Research Raises Some Interesting Questions
    I was surprised by the remarks made by Akeena's VP of marketing (Gary Mull) in a recent interview with Seth Masia from Solar Today Magaz...
  • Utilities Speed Solar Adoption
    A recent article in the New York Times takes an interesting look at a partnership between TXU (a utility in Texas) and SolarCity (a Silicon...
  • The Relative Advantage of Solar
    Most business schools still refer to Everett Rogers and his theory of how and why new ideas and technologies are adopted by a population.  I...
  • Intangibles Develop New Markets
    One of the most famous examples of the power of product intangibles is xerography. In the late 1950's, the Haloid Corporation (the prede...
  • Word-of-Mouth Communication
    The most likely way that information about a solar product can be effectively communicated is through word-of-mouth. Word-of-mouth has these...
  • Edison was a Marketing Strategist
    Most history books say 1882 was the year the light bulb was invented. This is incorrect. The basic technology had existed for almost 100 ye...

Categories

  • groSolar
  • Malcom Gladwell
  • market development
  • marketing communications
  • marketing management
  • product management
  • smart grid
  • SMUD
  • solar industry
  • solar power
  • solar product marketing
  • solar products
  • technology adoption
  • Tipping Point
  • vertical marketing
  • Warren Schirtzinger

Blog Archive

  • ▼  2010 (42)
    • ►  October (1)
    • ►  July (1)
    • ►  June (1)
    • ►  May (2)
    • ►  April (6)
    • ▼  March (10)
      • Public Confusion About Solar
      • Is groSolar's new ad campaign the right approach?
      • The Long Term Effects of Government Subsidies
      • In Pursuit of Solar's Tipping Point
      • Utilities Speed Solar Adoption
      • Solar in the Mainstream
      • Edison was a Marketing Strategist
      • Does Grid Parity Matter?
      • Credibility and Market Leadership
      • Solar Customers are Changing
    • ►  February (10)
    • ►  January (11)
  • ►  2009 (1)
    • ►  December (1)
Powered by Blogger.

About Me

Unknown
View my complete profile