The solar energy market is rapidly accelerating and has been for roughly the past ten-plus years. Now with the recently signed $1.2 trillion bipartisan infrastructure bill and a pledge by the Biden administration to move the U.S. to be 100 percent carbon-free by 2035, investors are taking notice.
Policy change is seen as a good sign
The Biden administration could likely supercharge the clean-energy sector’s expansion. Beyond Biden’s push for a carbon-free U.S. energy market by 2035, the administration has set the goal of having the U.S. be the leader in renewable energy battery production and storage. The president has also proposed extending tax credits and direct investments to accelerate the shift to clean energy like solar.
Forecasted growth
The federal government’s commitment to renewable energy and domestic production has led many on Wall Street to consider renewable energy as a part of their more extensive investment portfolios and have advised investors to consider investing in solar energy stocks. David Gardner, co-founder of The Motley Fool, stated, “Solar feels to me like the ultimate form of energy we’ll be using on this planet for as long as we’re around. It’s taken us a long time to get there, and there’s still a lot of technological improvements that we need in things like storage to make it work for everybody. But it seems blindingly obvious to me that, looking backwards from the future, we’ll say the sun made so much sense that it would be the biggest form of energy generation for us on Earth.” This line of thinking has already led to a growth in investments in stocks such as First Solar, Brookfield Renewable, and SolarEdge Technologies.
Contact an All Energy Solar representative to learn more about how you can get a beautifully designed and installed solar panel system on your property. Or download our handbook Making the Switch with All Energy Solar to learn more.
