Over the last few years, a lot of attention has turned to fossil fuels and non-renewable sources of energy. As the population of the planet continues to grow, and traditional sources of energy are becoming more scarce, many are looking toward renewable sources of energy to help address the planet’s energy needs. If you’re looking for something on the cutting edge to invest in, renewable energy may be exactly what you need to consider.
Why Invest in Renewable Energy
Renewable energy is something that is poised to take off in a big way in the coming years. Although the planet still depends greatly on fossil fuels for energy, at some point that’s going to have to stop. Businesses and individuals will have to start relying on renewable sources of energy to get by.
While there is no obvious choice when it comes renewable energy, there are several technologies that are poised for massive growth. All of the viable sources of alternative energy will grow rapidly in the coming years as traditional forms of energy get too expensive.
Changes in the Market
Solar energy is one of the leading forms of renewable energy in use today. It’s been available for many years, but it wasn’t until recently that prices of solar equipment started to become relatively affordable.
Despite declining prices over the past decade or so, the initial cost of a solar energy system is more than what many people can afford. In the past, there weren’t a lot of financing options available for homeowners who wanted to finance the purchase of solar equipment.
In the last few years, many companies like Vivint have started to offer more financing options to consumers. They’ve attracted investment funds from big companies who see the potential in renewable energy sources. This has made it possible for more consumers to be able to access the money that they need to get started with solar.
What’s to Come?
In the future, renewable energy may not completely take over the market. It all depends on government incentives, legislation, and how widely available oil and coal are in the future. If the planet runs out of these resources or gets close to running out, then renewable energy may explode onto the scene.
Companies like Vivint are putting renewable energy within the reach of consumers and businesses. As the public become more aware of the benefits of renewable energy — cost savings, environmental benefits, etc– the renewable energy market is bound to take center stage.