The Swedish furniture retailer Ikea will begin selling residential solar panels in its 17 UK stores within the next 10 months. The basic package’s $9,500 price tag will include 18 panels, installation, design consultation, energy monitoring, and maintenance.

With energy savings and current green energy subsidies in the UK, consumers should typically earn as much as $1,244 per year and break even within about seven years, Ikea said.

Great Britain’s heavily subsidized green energy market is smaller than other European countries’, but it has shown steady growth, rising 25 percent in the past year, the Guardian reports. The decision by the world’s largest furniture retailer comes after a successful test run at a store outside of London, where solar panel sales averaged one unit per day. Ikea has not announced plans to sell units in the U.S., where some utility companies have sought an end to public subsidies of residential solar installations.

Article appearing courtesy Yale Environment 360.


About Author

Yale Environment 360 is an online magazine offering opinion, analysis, reporting and debate on global environmental issues. We feature original articles by scientists, journalists, environmentalists, academics, policy makers, and business people, as well as multimedia content and a daily digest of major environmental news. Yale Environment 360 is published by the Yale School of Forestry & Environmental Studies and Yale University. We are funded in part by the Gordon and Betty Moore Foundation and by the John D. and Catherine T. MacArthur Foundation. The opinions and views expressed in Yale Environment 360 are those of the authors and not of the Yale School of Forestry & Environmental Studies or of Yale University.

Comments are closed.