• 4 minutes China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 7 minutes Beijing Must Face Reality That Taiwan is Independent
  • 11 minutes Phase One trade deal, for China it is all about technology war
  • 14 minutes Shale Oil Fiasco
  • 3 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 2 hours Which emissions are worse?: Cows vs. Keystone Pipeline
  • 35 mins Indonesia Stands Up to China. Will Japan Help?
  • 20 hours Thanks to Trump, the Iranian Mullahs Are Going Bankrupt
  • 13 hours Trump capitulated
  • 6 hours What's the Endgame Here?
  • 4 hours Trump has changed into a World Leader
  • 3 mins Prototype Haliade X 12MW turbine starts operating in Rotterdam
  • 1 day Yet another Petroteq debt for equity deal
  • 6 hours Turkey Muscles-In on Israel-Greece-Cyprus EastMed Gas Pipeline Deal. Erdogan Still Dreaming of Ottoman Empire II.
  • 14 hours Gravity is a scam!
  • 13 hours US Shale: Technology
Alt Text

Is This The Solar Technology Of The Future?

Scientists have developed a device…

Alt Text

How The Sahara Desert Can Power The Entire World

Theoretically, solar energy generated in…

Joao Peixe

Joao Peixe

Joao is a writer for Oilprice.com

More Info

Premium Content

IKEA Tries to Simplify Solar

Swedish furniture giant IKEA is now selling solar panels at its stores in the UK as part of the company’s renewable energy ambitions.

For about $9,200 each, customers at IKEA’s UK branches can buy solar panels that are advertised as capable of returning consumer investments.

According to the company, homeowners who buy IKEA solar panels see their investment returned in about seven years.

Related article: Suntech Solar Reels as Directors Quit Over Cash Flow

"We know that our customers want to life more sustainable ...We want to make a greener, more sustainable way of life attractive and easy for as many people as possible," Joanna Yarrow, head of sustainability for IKEA UK and, Ireland said in a statement.

To make things less complicated for prospective buyers, the company is simplifying the process of assembly, with staff advising consumers on how and where to install in their homes. One tool relied on is Google Maps to determine how many solar panels they need for their location and what the potential savings will be. The company also arranges installation and provides service programs.

IKEA's move comes a year after feed-in tariffs paid to British panel owners were slashed from 69 cents per kilowatt to their current 23 cents.

The British Solar Trade Association says the solar market is currently installing about 100,000 solar systems per year -- far below the projected 300,000.

Related article: Germany Proves Sunshine is not Necessary for a Booming Solar Industry

IKEA chose the UK as a test market because the government sponsors incentives for solar energy, letting private solar panel owners sell back surplus electricity. The company aims to launch the panels in other countries eventually.

By the end of 2012, IKEA had installed 250,000 solar panels on its own buildings and had 83 wind turbines in operation. It has also set a goal to become a 100% sustainable company by 2020.

In recent years, the company has aggressively pushed a portfolio of products intended to curb energy consumption, including LED bulbs, ultra-efficient appliances and products that conserve water.

By. Joao Peixe of Oilprice.com




Download The Free Oilprice App Today

Back to homepage




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News