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Solar Power Captures Investors' Attention

Monday, Mar 17 2014

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Solar in the News
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Nasdaq

Despite all the excitement surrounding solar energy over the last couple of decades, the technology has yet to go mainstream. However, that is slowly starting to change.

Perhaps the biggest reason for the slow spread of solar energy has been the high cost associated with converting a household to take advantage of solar energy. While the long-term savings can be substantial for homeowners who convert their homes to solar power, it can be hard to see the advantage of those savings when considering spending upwards of $20,000 to make the change.

The good news is that for new homebuyers, the choice is now a bit easier. Homebuilders have been increasingly offering solar panels in new home construction, which makes it considerably easier for homebuyers to outfit their homes with panels since the initial cost is spread over the lifetime of a mortgage as opposed to a one-time fee.