Why are investors increasingly turning to solar energy?

It is often heard of concern about going green and developing an alternative source of energy not only to conserve it but also to fight global warming. Rising global prices have also been responsible for the increased interest in finding renewable sources of energy.
Gasoline prices have risen significantly in the past few years and are expected to rise further and non-economic renewable resources are expected to become economic. However, many of them still lag behind due to their exorbitant prices.

Solar energy is one of the most permeable alternative energy sources. Many countries around the world are toying with the idea of ​​developing it. Unfortunately, the share of solar energy in the total sector is only 0.1%. According to a survey, solar energy has registered a growth of up to 22% in the past ten-year period, while 35% of its growth has been recorded in the past five years alone.

With the amazing growth of this, there have been increasing expectations repeating the massive high valuations in the investment market. Investing in solar energy is one of the hottest trends these days because it is thriving and one of the best performing industries today. According to the Solar Energy Research Group:
• Solar PV installation increased by about 62% in previous years.
• Solar energy demand has increased by up to 30% annually over the past 15 years.
• Solar energy prices have fallen by 4% annually over the past 15 years.

Diffusion and awareness about solar energy has led many people to adapt solar resources. More buyers means more demand which in turn increases profits for solar companies. Forming the investor’s point of view, investing in such energy guarantees higher returns and following other factors:

With the shortage of stocks in the market and the subsequent rise in commodity prices, the financial markets have become a more volatile place to invest money. There is no doubt that huge profits can be made in commodities or any other sector, but the risks are much higher. Regular investors will hear a lot more about solar energy as an investment vehicle in the coming years. Investing in solar energy business has become very economical and has good income. The support of the banking institution and the government support makes it a guaranteed investment. Most importantly, this gives investors peace of mind to contribute to the global need for energy independence from oil and long-term security.