There are those that feel that renewable energy and its proliferation is required in order to save the planet. There are others that feel like the planet is fine and doesn’t need saving at all. However, regardless of what opinion a person has regarding the state of the planet, most people would agree that renewable energy is a necessary next step for affordable energy options.
There has been a lot of back and forth when it comes to wind energy. Just five years ago, the cost of starting up a wind turbine farm was so expensive that the cost of purchasing electricity through a company subsidized by wind was 70% more than buying energy through less planet friendly methods. This caused investors to shy away from investing in this type of energy, citing high prices and lack of potential growth as their reasons for shying away.
Today, however, more and more electric companies are subsidizing their energy sources with wind. The more that private companies invest in this industry, the less expensive it becomes. While it’s still more expensive than less green options, it has become more affordable. Over time, after the cost of paying for starting a wind farm has been covered, those that benefit from services from these electric companies can expect to see lower prices in the future.
What does this mean for energy investors? Well, it may be time to consider investing in alternative energy. Wind energy is gaining momentum and, at the very least, might be worth short term speculation. Solar energy is also advancing in technology and popularity, with a 30% jump in solar power users in the past five years. The expectation is that this trend will continue. Investors would do well to investigate new methods of creating solar panels as well as new battery options that are in the works for storing solar energy.
No matter what type of investing you do, it’s important to include investments in the energy sector. From oil and gas, to MLPs and alternative energy, there are plenty of options from the volatile to the safe. If you’re not sure where to invest, or you want to learn more about the future of energy, additional details found online can help.