Make money with solar energy while supporting renewable energy, and maybe even becoming more sustainable yourself. Good news, here are four ways to do it.
Purchase your own solar panels
The most direct and obvious way to make money from solar energy is simply to buy your own solar panels. When you do this, you effectively produce your own energy. Also, you will no longer have to pay for it. Moreover, depending on the state you live in, potentially can even sell it back to the grid. Additionally, your investment increases the value of your home.
Invest in solar company stocks
You don’t have to drive a Tesla to understand that solar is the future. More companies are going solar. More government entities are pledging to go solar, and one of the biggest names in solar energy, Illumina, has enjoyed 1000% growth since 2000.In time, solar will be the new coal.
Solar income funds
Income funds are government handled entities. The government has committed to produce 15% of all energy by renewable sources by 2020 because there is a ready-made market. What they need is your investment. After all, you will get paid once the solar projects are producing energy.
Mini energy bonds
Energy companies have begun to recognize that solar is the way of the future, and in doing so, they have begun to produce energy with solar and other renewables. As a result, energy companies are offering mini energy bonds to help support their renewable division. When you buy a mini energy bond, you basically invest in the solar power division of that company, and you get a share of the profits from the solar energy division – which are likely to be growing at a rate faster than the entire company itself.
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