When we think of future investments, we usually think of stocks, not our electric bill.
You’ll hear it time and again: low-risk, high-reward investments don’t exist. You can’t have one without the other. That’s where they’re wrong.
Solar energy is a renewable source of energy. Our sun is about 4.6 billion years old and will continue to burn for another 5 billion years. As this is the main source of energy behind solar power, it’s safe to say that solar power isn’t going anywhere in our lifetime (unlike fossil fuels which are finite source of energy).
The oil crisis of 1970 revealed the delicate nature of fossil fuels as a source of energy for the world. Research in alternative, renewable energy technology, like solar and wind, has gained momentum ever since.
In 1975, the price of a solar panel was 227 times higher than it is today ($101.5/watt versus $0.447/watt). Even since 2010, the price for a solar panel system has decreased about 70% – to about $0.447/watt from $1.50/watt. Overall, solar power capacity grew over 10 times from 2009 to 2019 and 100 times over from 2002 to 2019.
Solar energy potential dwarfs the potential from every other energy resource on the planet. US solar energy industry added more jobs in 2019 than the US oil & gas extraction & pipeline industries added combined, and grew 12x faster than the US economy as a whole.
In 2016, the average cost of a residential rooftop solar power system installation in the US in 2016 was $3.21/W. On average, homeowners will save more than $25,000 over 25 years when they switch to a home solar panel system over using traditional electric companies.
The sun will continue to shine for another 5 billion years – low-risk. You save big time in the long run – high-reward. Told you it’s possible.
Invest in one of the fastest growing industries TODAY while prices are at their lowest! Don’t think you can afford solar panels? Guess again!