During the 1970s in a number of countries around the world, a push began to install solar energy panels on private residences. Many experts contended that solar energy, including solar energy incorporated into residential property, was to be the proverbial wave of the future. In reality, the early movement towards solar energy somewhat sputtered during the latter part of the decade and into the 1980s. A primary concern associated with solar homes centered on the fact that many consumers ended up finding that the installation and utilization of solar power systems into their homes was not proving particularly cost effective.
Since the advent of the 21st century, there has been a significantly profound renewed interest in solar energy generally and in solar homes specifically. The "rebirth" of the trend towards the construction of more solar homes and towards the retrofitting of existing residential properties with solar systems has occurred for two primary and essential reasons.
First, an increasing segment of the media has become concerned with the impact that carbon based energy sources are having on the environment, on the planet. As a consequence, there are an ever growing number of people who are making a concerted effort to make their living spaces far more environmentally friendly. From recycling to the use of alternative energy resources such as solar power, more men and women all of the time are becoming committed to establishing and maintaining homes that are more environmentally friendly.
Second, the costs associated with petroleum, coal and natural gas as primary sources of power have increased dramatically over the course of the past several years. The net result of this tremendous cost increases has been to make alternative energy resources - including solar power - far, far more cost effective. Therefore, many people are now turning (or returning, as the case may be) to solar homes because these types of residences have become cost effective in the current marketplace.
While many people are hoping that the costs associated with petroleum, coal and natural gas will drop sooner rather than later, most industry experts and financial analysis predict that this probably won't be the case. Therefore, research and development is becoming more intense when it does come to alternative energy resources such as solar homes. Moreover, consumer demand for alternative energy resources, including residential property that relies on solar power, is increasing markedly. These are companion long-term trends that are expected to continue into the future.
With this in mind and understood, many financial experts and analysts are suggesting with increasing regularity that making investments in such alternative energy resources such as solar homes is a wise course to take. These analysts maintain that the days are long gone when an investment in solar home technology was considered speculative at best. Rather, investments in such alternative energy resources such as solar homes is considered to be a sound course which will allow for the realization of significant profits in both the short and the long term.
Copyright (c) 2008 R Douglas Allen
R. Douglas Allen is general partner of Blue Lion Capital Management, a private equity company specializing in clean technology and alternative energy.
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