WHAT OPTIONS ARE AVAILABLE TODAY?
The current model for solar panels for your home is to buy and install them directly on your house, paying a large upfront investment (say 30,000), and over time you get a payback through electricity savings each month. For residential customers, the payback is around 10-25 years (depending on many factors). Then, after the investment has paid for itself, you start making money on that investment. However, you have tied up a lot of capital (money), have increased insurance payments, and may have to pay maintenance and cleaning costs.
Another popular option for homeowners is to lease your solar panel system, where you pay a monthly fee (like a car payment), and they install solar panels on your house. This addresses the problem of solar panel cost upfront, but you don't have to worry about maintaining the system (monitored by Solar City).
If you don't own a house, but still want to invest in solar power, SOLAR BONDS is the newest option available.
Check out our diagram below, to help you decide how you can support solar energy
HOW DO SOLAR BONDS WORK?
This option seems ideal for those who do not own their own home, but want to invest in solar energy. With an investment as small as 1000, your money is used to fund other solar projects. However, you get a return on your investment (not just a donation), based on how long you want to wait for the payback. The solar installer uses your money (along with others) to lease a solar system to a homeowner, and when the homeowner makes monthly payments, some of the money is paid back to you as interest (similar to a bank).
If you want your return in 1 year, you will make 2% on your investment. If you want to wait 7 years, then you can get a 4% return.
WHAT ARE THE DIFFERENT INVESTMENT OPTIONS?
For example, if you invest 2000, and want a return in 3 years, then at the end of 3 years, you will get 2,060 back (earning 60).
If you invest 10,000 and want to wait 7 years, you will get 10,400 (earning 400).
This is a safe, low-risk way to invest your money, while supporting clean energy.
To learn more, go to Solar City's Solar Bond website >>>
Origin: alt-energy-solutions.blogspot.com