The need for clean and green energy sources is increasing by the day, and solar energy is leading the pack. Just like every other investment, investments in the solar energy sector requires one to consider the investment horizon and risk tolerance. Investing in the solar power sector is a great idea to multiply your money without any serious risk. The growth of solar energy has been outstanding. As time goes by, more individuals will be investing in solar energy with the help of Vasari Energy.
The outlook for the solar energy sector is a bright one heading into 2019, and that should steer more investors towards renewables, especially as solar continues to grow and become an integral part of the U.S. energy landscape. According to the Washington, D.C.based Solar Energy Industries Association, the U.S. installed more than two gigawatts (GW) of solar photovoltaics (PV) in the third quarter of 2017, the eighth consecutive quarter that the solar industry added more than two gigawatts. Global growth numbers in solar are also on the rise, as countries warm up to the low costs linked to solar energy installs, which are lower than coal, nuclear energy and natural gas.
Demand for renewable energy is surging, according to the International Energy Agency, a nongovernmental organization based in Paris. As a result, growth in solar and wind-powered electricity generation is far outstripping that of coal- and natural-gas-fueled generation, the group said in its “Renewables 2017” report. China’s embrace of solar power has been the main engine for this growth, but the United States is the second-strongest market for renewables, the agency said.
Even more interesting is the fact that companies involved in the production of solar energy are getting incentives from governments, such as the solar tax credit in the United States. For individuals, the federal solar tax credit, also known as the investment tax credit, allows them to deduct 30 percent of the cost of installing a solar energy system from their federal taxes. The tax applies to both residential and commercial systems, and there is no cap on its value. This is making investments in the solar energy sector an attractive alternative for individual investors. Less financial burden means being able to cope with unforeseeable variations in a project’s cash flow in the future.
By signaling investor interest, investment in Vasari Energy can also create a virtuous cycle, potentially pulling in even more money. An investment in Vasari Energy can offer the chance to combine the possibility of profit with a commitment to environmental principles. By owning Vasari Energy stock, investors generate positive social impact aimed at reducing the world’s reliance on fossil fuels. Renewables don’t deplete natural resources. They also reduce water consumption, noise and waste, are less harmful to the land, and improve air quality.
Innovative technological advances, consumer demand and economies of scale have resulted in the production costs of solar energy declining rapidly – meaning solar is now more than cost-competitive when compared to fossil fuel-based generation in several countries. Learn how an investment in Vasari Energy could also offer several benefits to investors.
The future is certainly looking “green” for renewable energy. A new study shows that the sector will receive nearly $5.1 trillion worth of investment in new power plants by 2030. According to a report by Bloomberg New Energy Finance, by 2030, renewable energy sources will account for over 60% of the 5,579 gigawatts of new generation capacity and 65% of the $7.7 trillion in power investment. Overall, fossil fuels, such as coal and natural gas, will see their total share of power generation fall to 46%. That’s a lot, but down from roughly from 64% today.