I just want to invest a part of my salary periodically and feel that when the day comes, I can retire and live a simple life comfortably. I, frankly, no longer believe my private retirement plan is going to be anymore than a poor investment that will be able to carry me financially for more than just a few years at best. Enter solar…Now, let’s compare this to investing in a solar energy system instead. With the various renewable energy state rebates and federal taxes incentives in the US, you can reasonably expect to get an effective ROI of 8 to 14% for the next two to three decades, if not more. And, unlike the stock market retirement fund racket, this is a sure investment.
How? Well, the common grid-tie solar panel (solar electric) system pays for itself after rebates in 6 to 12 years and then it just continues to pay down your electric bill for the decades to come. Most solar panels can be expected to continue producing power beyond 25 years. After all, most solar panel manufacturers warranty their power output to 80% for up to 25 years. And, if solar panels in 1970’s serve as a predictor of the reliability of ones produced today, you should be able to expect at least another one to two decades of serious power production out of them.
So, if your plans are to live in the home you have for the next few decades, it seems far smarter to invest first in a sure thing for your retirement (your need for electricity and the bills that would otherwise come with it) than the casino game that is the stock market. The only downside is you can’t keep investing more in a solar electric system and get more out of it – once you’ve bought one that meets your needs, that’s it. Investment nugget secured. Fortunately, there’s something even smarter than a solar electric system for your retirement, but that’s for next time…
Latest posts by Sascha Deri (see all)
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