Investing in Solar vs. Stocks, Bonds and Real Estate
I was thinking the other day about Steve Goodman and his lyrics for the perfect country song:
Well, I was drunk the day my Mom got outta prison.
And I went to pick her up in the rain.
But, before I could get to the station in my pickup truck
She got runned over by a damned old train.
Now what does this have to do with investing:
Nothing whatsoever.
Everywhere you turn, however, there is bad news. I took a look at my IRA the other day and I can say that the stock market isn't looking like a very good place to invest these days. I was looking at real estate and it didn't look very good either. The bank is willing to charge a monthly fee to keep my money there. I suppose I could get a CD and march along with inflation.
People ask me about solar as an investment almost every day. The last time I ran the numbers, I was seeing an internal rate of return of 13% to 15%. Wow.
When looking for an investment, it is sometimes wise to see where the smart money and the big money are going. Many of our clients aren't very green when it comes to the environment but they know green when they see it.
