Renewable and sustainable energy is a hot topic these days, and it’s not hard to see why. The world is becoming more aware of the effects of climate change, and they’re looking for ways to combat these issues. One option is solar power. If you want to get into the green energy market, you can start with Native American Solar Inc (OTC:NINEF), a solar manufacturer with operations in North America.
The Benefits Of Going Green
Going green is becoming the norm in every industry. Companies are looking for ways to reduce their impact on the environment, and one of the best ways to do this is through renewable energy. When you purchase a solar panel system for your home, you’re not only reducing your carbon footprint but you’re also generating your own energy. You can use the power from the sun to keep your home heated in the winter and cooled in the summer. You can even sell the extra power to the utility company for profit!
Going green is also good for your pocketbook. The cost of solar panels has decreased significantly over the last few years, and they’re becoming more affordable. If you add up the cost of traditional energy over the last year, it would have been at least $1000, while the total cost for electricity from a solar panel system would have been $150. Plus, you can get power when you need it, so there are no fluctuations in your energy bills.
The problem with some of these green energy options is that they aren’t always in abundance, which leaves some people out. If you live in a country where the sun doesn’t shine all that much and/or if you live in an area where it rains a lot, it would be difficult to rely on solar energy to power your home. What if the sun doesn’t shine on a particular day, or if it rains off and on?
With that being said, there are still ways you can go green without directly incorporating solar power. You can choose to purchase power from renewable energy sources, such as hydroelectricity, wind power, or even nuclear power. Just make sure that you learn more about these options before you invest in any of them.
An Eco-Friendly Choice
It’s one thing to consider going green, but it’s another to actually implement it. You don’t need to purchase every green product in existence to make a difference, and you don’t need to throw away your old appliances to be eco-friendly.
If you’re purchasing new appliances anyway, there are alternatives you can choose that are eco-friendly. For example, you can purchase a water heater that heats water using collected rainwater. The water then flows through a series of reservoirs and is stored in a large tank. When you need to use the water heater, just turn it on and allow it to heat up. When the water is hot, you can turn off the unit and go about your day. If the water isn’t hot enough, just turn the unit on and off to heat the water as needed.
Eco-friendly appliances are a great way to reduce your carbon footprint without completely changing how you live. When you reduce your carbon footprint, you’re also cutting back on some toxins that may be found in products you use regularly. For example, washing machines and dryers use a lot of energy, which leads to bad effects on the environment. When you replace regular appliances with eco-friendly ones, you’ll cut back on those toxins a bit.
One Of The Largest Manufacturers Of Solar Equipment
There are a lot of options for eco-friendly appliances, but none of them can compare to the sheer volume that Native American Solar Inc (OTC:NINEF) produces each year. The manufacturer is one of the largest in the industry, and it’s been around for over 40 years. It currently manufactures solar products for residential and commercial use, with production plants located in the U.S. and Canada. Its product portfolio includes water heaters, pool and spa heaters, pool and spa cleaners, and solar pool heaters. With products manufactured in different countries around the world, including China, it’s clear that the company focuses on quality over quantity.
NINEF has also been a prominent member of the Investor Relations Association (IRMA) since its inception in 1981, and it currently holds the position of Chairman for the IRMA Sustainability Committee. With many years of experience in the industry, it’s not hard to see why investors would be interested in Native American Solar.
The Growth Of The Company
In 2020 alone, NINEF’s revenue increased by 16% year over year to $125.5 million. While this represents a significant increase, it wasn’t all due to COVID-19. The company saw growth throughout the entire year, and it credits much of this to its existing distribution channels and the overall positive effect from the Coronavirus. Most importantly, it noted that it was able to maintain a high level of customer service, even during a time of crisis. Orders doubled in the first quarter of 2020, and the company attributes this to the fact that people are more aware of the benefits of solar energy and its ability to combat climate change. As the COVID-19 pandemic continues to loom over the world, more and more people are understanding the importance of using sustainable energy sources.
An Opportunity For Long-Term Investors
As we mentioned above, many investors see the potential in environmentally-friendly products and appliances. It’s an opportunity in the making for long-term investors, particularly in renewable energy. If you’re interested in purchasing an investment that you know to be reliable, you can’t go wrong with Native American Solar. You can also take the opportunity to participate in its upcoming initial public offering (IPO), which is anticipated to take place in the second half of 2021.