Investing in the future of clean energy by buying solar bonds can yield a 4% return, and with a minimum buy of just $1000, solar bonds are solar investment for the rest of us.
While it’s true that the cost of solar panels keeps dropping, and that to financing a residential solar power system is getting easier than ever, installing a home solar system still isn’t for everyone. If you don’t own your house or office building, or the location and orientation of your roof is sub-optimal, or you don’t have the credit to finance a system just yet, then installing a solar electric system might not be the best choice for you.
But as we’ve shown before, putting the power of the sun to work at your home doesn’t always have to mean installing a solar array, and there are other ways to conserve electricity and save money that don’t require a sizable investment. And now there’s another way to get involved with solar power, even if you can’t have a home solar system just yet: solar bonds.
The largest solar installer in the US, SolarCity, just announced the launch of their solar bond program, which allows everyday individuals to not only help grow the number of solar power systems in the country, but to also earn a decent return on their investment at the same time. Previously, SolarCity only offered private bonds, but this $200 million solar bond offering is available to all US citizens, allowing virtually anyone to buy in to this clean energy investment.
Solar Bonds are issued – and backed – by SolarCity (NASDAQ: SCTY). An important difference from other corporate bonds is that your earnings come from the payments that we receive based on thousands of solar power systems we’ve installed on homes and businesses throughout the U.S.
Solar bonds can be purchased with no fee from SolarCity for as little as $1000, and interest rates of up to 4% are available, with maturities ranging from 1 to 7 years. The solar bonds are also being offered to institutional investors, allowing them to invest and profit from the rapid growth of the US solar industry, while minimizing their risk.
If you can’t go solar at home just yet, but you support clean energy and you want to put your money where your mouth is, or you’d like to get paid by the sun with attractive returns and minimal risk, you might consider investing in some solar bonds over at SolarCity.
October 23, 2014
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