Solar Stocks
Investing in Solar Energy Stocks
solar stock
Solar energy is one of the most prominent alternative sources of energy. According to statistics, solar power has recorded a growth of 22 per cent during the last 10 years, with 35 per cent having been recorded during the last 5 years alone.
Prominent Solar Stocks
With the spectacular growth of solar energy, there have been rising expectations, reflecting extremely high valuations of solar stocks. Most prominent solar companies which found favor with a large number of investors are:
- First Solar (FSLR)
- SunPower Corporation (STP)
- Suntech Power Holding Ltd. (LTP)
- JA Solar (JASO)
- Solar Enertech Corp (SOEN)
- Nano Solar
- Miasole
- China Sunergy (CSUN)
- LDK Solar (LDK)
- Solarfun (SOLF)
Solar companies have billions of long term contacts, they have bright guidance, they are backed by their national governments and in some countries there is plenty of sunshine available, ready for exploitation.
Venture capitalists are pouring in huge amounts of money in this energy sub sector. Who knows some solar stocks may turn out to be gold mines.
Take Advantage of Most Affordable Year For Solar in 2009
While 2008 has been less than kind to the solar industry, with falling solar power stocks and an economic crisis that’s tightened everyone’s purse strings and left home renos in the dust, 2009 is actually looking up.
Personal Tax Credits
The Department of Energy has also announced that the 30% tax cut for home and business owners who upgrade to solar has been renewed until the end of 2016, a cut which can be stacked on top of a 50% state tax credit for residents installing solar panel systems and has no expiry date. With these tax reliefs you can save up to $12,000 on a solar panel system. Also, federal tax credit that’s leftover from 2008 can be carried over into the new year, and any excess state credit will be reimbursed by a real, money-in-your-hand check.
Renewable Job Market
The Solar Energy Industries Association, or SEIA, projects that in 2009 there will be an increase in solar industry jobs to the tune of a minimum 440,000 jobs and at least $325 billion in private investments
Falling Costs of Solar Panels
Due to the falling price of polysilicon, solar panels are predicted to get more affordable in the coming years. The lowering price of solar panels combined with the federal and state tax credits are enough to persuade many more consumers to make the initial investment, which is exactly what the solar industry needs.
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