WHY TO LIKE SOLAR

3 Reasons Why Solar Energy Is One of America’s Hottest Industries

Rakesh Sharma, march 2, 2015 (Business Cheat Sheet)

“…After years of being eclipsed by other renewable energy sources, solar has become hot…Here are three reasons:…1. Solar offers better returns…A new study by NC clean energy technology center found that installation in solar panel systems beats investment in a stock market investment fund…2. The cost of solar energy has declined…[A] report by the Lawrence Berkeley National Laboratory, found that the median cost of residential solar has gone down from approximately $12/watt in 1998 to about $4.70/watt in 2013…[and] solar prices are expected to further decline to between $3.70/watt and $4.24/watt before incentives…3. Solar is good for the economy…[The] Solar Foundation [found] the solar industry added workers almost 20 times faster than the overall U.S. economy…The economics of the solar industry has also changed from one that was small-scale toward corporate industrial behemoths…[Solar City] is valued at $5 billion in the stock market….” click here for more

click to enlarge

Tweet