(6) Impact On Energy Bills
It is one of the best reasons to invest in clean energy stocks. The price of fossil fuels is highly volatile in nature due to limited resources. They can’t be replenished immediately after consumption.
Solar & wind are infinite & cheapest sources of energy. They are largely unaffected by supply side problems. The price of clean energy is kept in check by nature as there is no possibility of their exhaustion in long term.
You just need to install as many as solar panels & turbines as you can. It will help you to capture the clean energy to meet your rising energy demands. You can take benefit of clean energy on your energy bills too.
(7) Energy Security
It is one of the significant reasons to invest in renewable energy stocks. Economy of several countries is largely dependent on import of oil & gas from gulf countries to meet their rising demand of fossil fuels.
Dependence on any one source of energy can adversely affect the economy of a country in the long run.
One of the greatest means to increase energy security is to exploit the clean energy sources as early as possible to support our rising energy demands.
- Renewable Energy Project: Shutterstock