You often hear about the anxiety to go green and develop an alternative source of energy not only to conserve it but also to fight Global Warming. Runaway world prices have also been responsible for increasing attention to finding renewable energy sources.
Gasoline prices have risen markedly in recent years and are expected to rise further and non-economic renewable resources are expected to become inexpensive. However, many of which are still underdeveloped due to their exorbitant prices.
Solar energy is one of the most extrusive alternative energy sources. Many countries around the world are toying with the idea of its development. Unfortunately, the share of solar energy in an overall sector is only 0.1%. According to a survey, solar energy has registered a growth of up to 22% in tenure in the last 10 years, while 35% of its growth has been registered only in the last 5 years.
With spectacular growth from this, there have been growing expectations that are replicating tremendously high valuations in the investment market. Investing in solar energy is one of the hottest trends these days as it is thriving and is one of the best performing industries today. According to a solar research group:
• The installation of photovoltaic solar energy increased approximately 62% in previous years.
• The demand for solar energy has grown up to 30% per year during the last 15 years.
• Solar energy prices have fallen 4% annually over the last 15 years.
The spread and awareness of solar energy led many people to adapt solar resources. More buyers means more demand, which in turn increases the profits of solar energy corporations. From an investor’s point of view, investing in such energy guarantees higher returns and follows other factors:
With the lack of equity in the market and the consequent rise in commodity prices, financial markets have become an even more volatile place to invest money. There is no doubt that huge profits can be made in raw materials or in any other sector, but the risks are much greater. Established investors will hear a lot more about solar power as an investment vehicle in the years to come. Investing in solar businesses is becoming quite inexpensive and has an attractive income stream. The backing of the banking institution and the support of the government are making it a safe investment. Most importantly, this also gives investors the peace of mind to contribute to the global need for energy independence from oil and long-term security.