Solar Return On Investment Is Best Investment, As many people have pointed out, solar panels are not like
household appliances, they are more like financial investments. So, the
key point many people want to know is, what's my solar ROI (return on
investment).
The average solar ROI for states across the US is pretty cool and interesting.
Take a look at your home state and compare it to others from across the nation. Look at the differences, region by region and state by state and compare the numbers with those you might expect from financial investment products you may currently hold. Note the following:
Shocker #1: Homeowners, on average, can get a better ROI from going solar than from the S&P 500 stock index (considered a very good investment) in over 25% of states now! Yep, solar beats the S&P 500 for millions of people.
Shocker #2: In many U.S. states, solar offers a better average ROI than 30-year treasury bonds.
Shocker #3: In 86% of states, your likely solar ROI beats a 5-year CD (certificate of deposit).
Shocker #4: In only one state, a solar investment won't earn you money (based on the assumptions used in the 2013 Geostellar Solar Index).
That state? Believe it or not, it's a southern state, Mississippi. The 25-year return on investment there is projected to equal -0.1%.
Review the state statistical rankings for ROI available on many government and independent websites across the web.
Something to keep in mind: Solar panels have actually been shown to produce electricity for over 30 years, so even the average Mississippi homeowner would make money on solar in the long run.
The Bottom Line: Solar power beats many other "good" and highly recommended investment options
- stocks, bonds, and CDs. If you want to invest for a better retirement, college money for your kids, or simply to make the most of your money... for whatever future use you find most enticing, you should really be considering solar.
Like a broken record: The facts presented here just pile on top of what other studies have found:
- Solar panels cost less than grid electricity for many of us.
- Solar panels are likely to save you tens of thousands of dollars.
- In Hawaii, the average savings are up above $60,000.
- In 3 of the 4 most populous states in the country, the average savings are up above $30,000.
Not going solar is more or less a sign of insanity.
Take a look at your home state and compare it to others from across the nation. Look at the differences, region by region and state by state and compare the numbers with those you might expect from financial investment products you may currently hold. Note the following:
Shocker #1: Homeowners, on average, can get a better ROI from going solar than from the S&P 500 stock index (considered a very good investment) in over 25% of states now! Yep, solar beats the S&P 500 for millions of people.
Shocker #2: In many U.S. states, solar offers a better average ROI than 30-year treasury bonds.
Shocker #3: In 86% of states, your likely solar ROI beats a 5-year CD (certificate of deposit).
Shocker #4: In only one state, a solar investment won't earn you money (based on the assumptions used in the 2013 Geostellar Solar Index).
That state? Believe it or not, it's a southern state, Mississippi. The 25-year return on investment there is projected to equal -0.1%.
Review the state statistical rankings for ROI available on many government and independent websites across the web.
Something to keep in mind: Solar panels have actually been shown to produce electricity for over 30 years, so even the average Mississippi homeowner would make money on solar in the long run.
The Bottom Line: Solar power beats many other "good" and highly recommended investment options
- stocks, bonds, and CDs. If you want to invest for a better retirement, college money for your kids, or simply to make the most of your money... for whatever future use you find most enticing, you should really be considering solar.
Like a broken record: The facts presented here just pile on top of what other studies have found:
- Solar panels cost less than grid electricity for many of us.
- Solar panels are likely to save you tens of thousands of dollars.
- In Hawaii, the average savings are up above $60,000.
- In 3 of the 4 most populous states in the country, the average savings are up above $30,000.
Not going solar is more or less a sign of insanity.
I do some freelance research and writing for Cost of Solar ( http://www.costofsolar.com
), a nationwide network of highly experienced, licensed solar
professionals dedicated to raising awareness and educating the public
about the benefits of solar energy. You can view some of my other posts
and some I've contributed research to at http://costofsolar.com/news/
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