There are many places around the world where the sun is shining and illuminating the landscape. You have sunny beaches, snow-capped mountains, and great cities that come to life at sunset.
But where should you put your money to gain the greatest return on investment (ROI)? Which places offer the best value for money and the greatest potential to grow?
Here are our top five picks for the best solar investment opportunities based on current market prices and long-term growth forecasts.
Australia
The cost of solar power has been decreasing year after year in Australia thanks to large-scale projects that generate large quantities of power, resulting in lower electricity prices for consumers. It’s an ideal place for investors to make a profit from solar power.
Major solar companies have set up shop in Australia, and the country is now a world leader in the manufacture of solar technology.
Australia’s sunny climate and abundance of solar energy make it a popular choice among those looking to invest in solar power. Not only that but the country also has one of the most active investor communities in the world when it comes to renewable energy. If you’re looking for a place to invest in solar energy, Australia is well worth a look.
The United States
The United States of America is the third-largest country in the world. It’s also the third-largest economy, so it’s no surprise that a vast number of people and businesses are looking to invest there. If you’re looking to put your money into a booming industry, the U.S. is the place to do so.
The world’s largest solar power plant, the BrightSource project, is located in the U.S. Between 2005 and 2010, the price of solar power in the country decreased by 66%. While this may not seem like a huge drop to people in the U.S., consider what these prices mean for people in other parts of the world: they could pay one-fifth of their average annual income to own a solar-powered home or business.
Other areas of the U.S. are also embracing solar power. California, for example, has a goal of becoming completely carbon-free by 2045. This goal is being supported by an aggressive effort in green energy, including the building of large-scale solar power plants.
One of the best places to invest in solar power is the U.S. If you’re looking to gain a comfortable investment return with the chance to earn higher dividends, the U.S. is the place to do so. However, keep in mind that the drop in solar prices in the country has slowed, currently standing at 16% between 2011 and 2015. While still favorable, this price drop makes other countries like China and India more attractive places to invest. If you’re looking for a stable investment with good potential for return, the U.S. isn’t a bad choice, though it’s not the best either.
China
The largest country in the world is also one of the most aggressive when it comes to renewable energy. In order to meet its grand plan to have zero carbon emissions by 2050, China is making heavy investments in solar power and wind energy. This plan is supported by its voracious appetite for coal, the cheapest source of energy.
Thanks to these investments, China is now the world’s largest producer of solar modules and also has the third-largest fleet of solar power plants after the U.S. and India. China’s government supports green energy and has set up numerous government-backed organizations to promote research into renewable energy and reduce fuel consumption. The China Investment Development Corporation (CIDC) is one of the main government-backed organizations that provides financing for renewable energy projects.
One of the best places to invest in solar power is China. It’s presently the best value for money among our top five picks, and its potential to grow is outstanding. While it’s not always the best choice for those after their own interests, the opportunities for profit in China’s booming renewable energy market make it a can’t-miss investment opportunity for the adventurous investor.
Offshore Renewable Energy
The fifth-largest country in the world, the United Kingdom, also has a strong commitment to green energy. Thanks to a number of pioneering companies, it is now possible to purchase solar power at an affordable price. Offshore renewable energy has become a useful source of supplementary energy for the U.K., especially as the country works to reduce its carbon emissions.
Similarly, the price of wind power in Germany has decreased by 45% in the last five years and now competes favorably with the cost of coal-powered electricity. This has resulted in many large wind farms being established across the country, providing power for thousands of homes.
These are just a few examples of the emerging trend toward alternative sources of power. Not only does renewable energy provide a steady stream of income, it’s also good for the environment. When considering where to invest, it’s important to keep both cost and environmental impact in mind. The better choice for most people will be solar power, as it’s both cheap and has a minuscule environmental impact.
India
The world’s eighth-largest country is also one of the most promising places to invest in solar power. Thanks to large-scale solar projects, the price of solar modules has decreased by 62% in the last five years. India also has one of the fastest-growing economies in the world, with a projected increase of more than 50% in electricity consumption over the next five years.
What’s more, a number of well-known Indian companies specialize in solar power and have built a strong reputation for reliability and quality. With good reason, considering that many investors are looking to gain a solid foothold in the country’s rapidly expanding solar market. One of the best places to invest in solar power is India.
While you may need to do some research before committing to buy any particular project, India’s status as the world’s eighth-largest economy makes it an excellent choice. There is a lot of economic opportunity in the country, and with good investment choices, the chance of gaining a decent return on investment is excellent.
Rockefeller Foundation
Finally, let’s not forget about the good old U.S. of A. The foundation that was funded by the late, great John D. Rockefeller has been a driving force in the fight against global warming. Since 1989, the Rockefeller Foundation has invested over $1 billion in a project called the Carbon Neutrality Fund. This fund provides financial support to projects that help reduce carbon emissions. The money from these projects goes toward sustainable development, with the majority supporting renewable energy projects. One of the best places to invest in carbon-neutrality is the Rockefeller Foundation. Aside from the excellent return on investment, this particular project also provides a sense of purpose to those participating. Additionally, those who support cleaner air and an environmentally friendly climate may also find satisfaction in investing in this foundation. Not a bad value for money if you ask us.
In summary, there are many places around the world where the sun is shining and illuminating the landscape. You have sunny beaches, snow-capped mountains, and great cities that come to life at sunset. While it’s not always the best choice for those who live there, the desire to reduce one’s carbon footprint and impact on the environment makes the choice to invest in solar power more attractive. The price continues to decline, making this an excellent choice for anyone willing to invest. Keep in mind that the above prices are all current. What’s more, these prices may fluctuate, so do your research before making any commitment.