Many owners are facing difficulties in financing due to the energy transition.

The affordability of the private energy transition is also dependent on one’s wallet. Results from a survey conducted by the state development bank KfW suggest this. According to the KfW Energy Transition Barometer, costs are hindering the actual implementation. In total, 41 percent of property owners stated that they cannot afford to invest in energy transition technologies. This represents a twelve percent increase compared to 2021. „We can already see that financial obstacles are at the top of the list,“ explained KfW Chief Economist Fritzi Köhler-Geib.

Zudem verhinderten die Vermutung, dass sich die Investition nicht lohne (39 Prozent), und der Mangel an Handwerkern (27 Prozent) eine Anschaffung. »Je leichter es Privathaushalten fällt, Energiewendetechnologien einzusetzen, desto weiter wird sich der Gebrauch auch ausdehnen«, sagte Köhler-Geib.

The number of households in Germany using at least one renewable energy technology has slightly increased. According to a KfW survey, the percentage has risen from 29 percent last year to 32 percent. This corresponds to approximately 13 million households. The most commonly used technologies are photovoltaic systems for electricity generation (twelve percent), heat pumps and solar thermal systems for water heating or heating (ten percent each).

According to KfW, four out of ten households with such technologies belong to the high-income group. Among low-income households, only a quarter have access to these energy transition technologies.

According to a survey, seven percent of households plan to purchase an energy transition technology within the current year – the most common choices being solar panels and battery storage. Three percent of households stated that they intend to buy an electric car. As reported by KfW on Wednesday, nearly one-third of property owners are considering an energy-efficient renovation.