It is often said that we are concerned about becoming green and developing an alternative energy source not only for its conservation but also for the fight against global warming. Galloping world prices are also responsible for increasing the focus on finding renewable energy sources.
Gasoline prices have risen sharply in the last few years and are expected to rise further, and uneconomical renewable resources will become economical. Yet many of them are still underdeveloped due to their exorbitant prices.
Solar energy is one of the most extruded alternative energy sources. Many countries around the world are playing with the idea of its development. Unfortunately, the share of solar energy in the total sector is only 0.1%. According to a study, solar energy has grown to 22% over the last 10 years, while 35% of its growth has been reported in the last 5 years alone.
With the spectacular growth of this, there were growing expectations, which repeat the extremely high estimates of the investment market. Investing in solar energy is one of the hottest trends these days, as it is thriving and one of the best performing industries today. According to a solar research group:
• The installation of solar photovoltaics has increased by approximately 62% in previous years.
• Demand for solar energy has been growing by up to 30% per year for the last 15 years.
• Solar energy prices have fallen by 4% annually over the last 15 years.
The spread and awareness of solar energy has led many people to adapt to solar resources. More buyers means more demand, which in turn increases the profits of solar corporations. Form an investor’s point of view, investing in such energy guarantees a higher return and the following other factors:
With the lack of equity in the market and the subsequent 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 far greater. Well-established investors will hear much more about solar energy as an investment tool in the coming years. Investing in the solar business becomes quite economical and has an attractive income stream. The backup of the banking institution and the support of the government make it a safe investment. Most importantly, it also reassures investors to contribute to the global need for energy independence from oil and long-term security.