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Rooftop Solar Outperforms S&P 500 in 13 States
http://www.solarreviews.com/blog/solar-outperforms-S-P-500-13-States-080513/[font face=Serif][font size=5]Rooftop Solar Outperforms S&P 500 in 13 States[/font]
by Chris Meehan on 08/06/2013
[font size=3]Thirteen might be an unlucky number, but it seems like a better number when you consider that in 13 states—including the most populous ones like California and New York—solar offers a better return on investment than investing in the S&P 500. That’s just another way to look at why solar is a better investment today than many other investments people can make.
That’s according to the latest Geostellar Quarterly Index, which looked at the profitability of investing in rooftop solar across the U.S. The report found that the internal return on investment over the anticipated 25-year lifespan of solar panels was highest in Hawaii (24 percent) and that the majority of top states for internal returns on investing in solar were primarily on the East coast.
Among the top 10 states only California (eighth with a 12 percent return), Colorado (fifth with a 15 percent return), New Mexico (seventh with a 13 percent return) and aforementioned Hawaii weren’t on the East coast. “Surprisingly, California, Arizona and New Jersey, 2012’s top three solar states by installed capacity, are not among the top five states in the index,” Goestellar said. “Tax credits and other incentives in New York and Connecticut have helped propel those states toward the top of the Geostellar Solar Index.”
“In much of the country, the Geostellar Solar Index shows that homeowners can actually generate more wealth with solar panels than stocks, bonds, CDs or other investments,” asserted Geostellar Founder and CEO David Levine. “The index’s findings show residential solar power is not only viable, it’s a wise investment,” he added.
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by Chris Meehan on 08/06/2013
[font size=3]Thirteen might be an unlucky number, but it seems like a better number when you consider that in 13 states—including the most populous ones like California and New York—solar offers a better return on investment than investing in the S&P 500. That’s just another way to look at why solar is a better investment today than many other investments people can make.
That’s according to the latest Geostellar Quarterly Index, which looked at the profitability of investing in rooftop solar across the U.S. The report found that the internal return on investment over the anticipated 25-year lifespan of solar panels was highest in Hawaii (24 percent) and that the majority of top states for internal returns on investing in solar were primarily on the East coast.
Among the top 10 states only California (eighth with a 12 percent return), Colorado (fifth with a 15 percent return), New Mexico (seventh with a 13 percent return) and aforementioned Hawaii weren’t on the East coast. “Surprisingly, California, Arizona and New Jersey, 2012’s top three solar states by installed capacity, are not among the top five states in the index,” Goestellar said. “Tax credits and other incentives in New York and Connecticut have helped propel those states toward the top of the Geostellar Solar Index.”
“In much of the country, the Geostellar Solar Index shows that homeowners can actually generate more wealth with solar panels than stocks, bonds, CDs or other investments,” asserted Geostellar Founder and CEO David Levine. “The index’s findings show residential solar power is not only viable, it’s a wise investment,” he added.
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