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Solar power is a fully-developed technology. PV panels are a commodity that are manufactured mainly overseas. Most of the cost of a new solar plant is in the
by strommen 11y ago
Solar power is a fully-developed technology. PV panels are a commodity that are manufactured mainly overseas. Most of the cost of a new solar plant is in the planning & labor. And it does indeed cost a lot of money to build a solar plant (relative to the amount of money you can sell its power for).
That said, solar and wind power are a great way to get consistent (but low) returns on your investment. Look into "solar bonds".
- xyzzy4 11y agoActually returns (on solar companies) will probably be pretty high. See https://en.wikipedia.org/wiki/Swanson%27s_law https://en.wikipedia.org/wiki/Swanson%27s_law and https://en.wikipedia.org/wiki/Growth_of_photovoltaics https://en.wikipedia.org/wiki/Growth_of_photovoltaics Looking at the graph from the first link, what will likely happen is solar installations will grow rapidly to meet the trend line, which means high revenue growth. Solar is also currently priced like it's dying, so there'd also be a price/earnings increase.
- Ntrails 11y agoThe trend line isn't assured and neither wikipedia article is going to guarantee high returns on Solar Energy companies. Past Performance Is No Guarantee Of Future Success. IANAFA but I do hate to see "this will definitely make money because..."
- deleted 11y ago[deleted]