Solar Power Is Cheaper Than Ever

Solar energy has emerged as a dominant force that is not only an unlimited resource, but also becoming cheaper and cheaper.

Over the past several years, there has been a surge of innovation and initiative to create a clean, “green” environment in our world. During this push to cut down on the use of finite resources and pollution, solar energy has emerged as a dominant force that is not only an unlimited resource, but also becoming cheaper and cheaper — a trend that is projected to continue.

As the cost of solar energy has gotten so much cheaper, it is now an alternative option for everybody to power their homes, cars and even businesses. Government subsidies have made it much more manageable for the everyday person to power their home, paying solar users a 30% tax credit on their installation of a solar energy system. As the cost of solar is still more expensive than traditional resources, subsidies will stay around to entice new users to power their homes with cleaner resources.

Solar energy has emerged as a dominant force that is not only an unlimited resource, but also becoming cheaper and cheaper.

In the auto industry, Tesla has made electric cars a popular and viable alternative. Now that the technology is cheaper, not only will Tesla drivers cut gas expenses out of their budget, but they can buy the new Model 3 for $35,000, a huge step down from the Model X, which cost $80,000 when it launched in 2015. Tesla also has plans to begin installing solar-powered glass roofs on their cars, which would give drivers longer time between charges.

Even Fortune 500 companies are now relying on solar energy to power their headquarters and factories — companies such as Apple, General Electric and Tesla have enormous buildings that are mostly, if not fully, powered by the sun. Some solar buildings even produce more electricity than they use, which not only can save money for a company, but it can also outsource the extra power for a profit.

These are just some of the many ways that we are harnessing the sun’s power in our daily lives. As a renewable, cost-effective resource, the use of solar energy will continue to grow worldwide. Finite and pollutant resources such as coal and fossil fuels will continue to be gradually phased out, especially when solar becomes the cheaper option.

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Regards,

Ian Dyer
Internal Analyst, Banyan Hill

P.S. My colleague Chad Shoop is about to launch his new research service. This service finds the perfect time to buy a stock right after a company’s earnings announcement. Its model portfolio has already closed out gains of 50% … 75% … even 101% — in as little as five days. Check back with Winning Investor Daily soon to find out how you can get in on this incredible money-making opportunity.

  • jringo55

    Solar power is worthless. It’s the most inefficient way to collect power on the earth. The only way I would put solar power on my house is if they gave it away. The break even cost of owning a solar system is 30 years out. Unless you can pay cash for it, it’s not worth the investment. The better more efficient option is GEO thermal HVAC. Solar systems are very high maintenance and the return is too far out for most people to gain from. If the house is built with solar fine. But trust me, you will pay dearly for a total green house. Not practical for the masses.

  • Mike Murtagh

    HI jringo55, I was thinking the same way up til several weeks away when I came across a company called Quantum Material. You can looked into this company at http://www.qmcdots.com/ and I am sure it will revive your thoughts on solar engery, plus much more. Presently it is a penny stock selling for .12 cents, but in 24 to 48 months I believe this company will be huge, not only in Solar but in new technologies and driverless cars. If you are looking to leave your children or grand-children an absolute life changer, buy 10,000 shares.

  • jringo55

    I don’t gamble my money in Wall Street. I’m not worried about leaving anything behind for my children related to this world — this world is passing away. Jesus said it was and I fully believe him. The world as we see it today is dying. The resources on the earth are rapidly decaying. Solar is cool for people who are rich and can pay cash to buy it. Pay to have it maintained but it can’t be a savings for the average consumer. It’s the consumer who makes people rich. Saving the consumer money has never been the game. Getting the consumer to spend is the idea. The money will fail. It’s happened many times. I’m pretty sure we will have a recession this year or next year. It’s coming and can’t be avoided. As for me, I buy only what I need. Just enough to get me through the end of this system. It’s getting very close now.

  • Wayout West

    New Home builders should include a solar package , as an option, installed while home is being constructed. Power utilitie company’s should welcome power meters that run both ways. Seems this would cut down on costa.