US Rooftops May Lead the Way Into Solar Future

Photo of author

By Jacob Maslow

solar panel installationThe solar-energy industry is a very diverse industry. It’s not just a collection of companies making solar panels. That’s actually just one portion of the market. There are solar roofing and industrial solar power projects. There are many different sub-niches within the greater global solar power industry.

With that said, if you are looking for individual stocks to invest in, look for stocks that service the fast growing US market for rooftop solar panels. This is the brightest segment of the whole global solar industry. Thanks to local and state tax incentive schemes, more and more homeowners are choosing to install solar panels on the roofs of their homes. A key driver to this investment is the fact that many power utilities actually pay back these homeowners for their power contribution to the grid. In many cases, a lot of homeowners have zero electricity because their rooftops generate enough electricity during a given month. This is a very hot segment of the solar industry, and it shows no signs of slowing down.

If you are looking for a hot solar stock to buy into, you might want to look for companies that provide panels for US rooftops. Of course, you need to use standard metrics of stock feasibility. Look for companies with large market shares and have diversified markets. Make sure also that the companies you’re investing in have very low levels of debt. If you put all these factors together, you are bound to pick a winner that may benefit tremendously over the mid-term regarding the popularity of rooftop solar panels in the United States.

Images Courtesy of DepositPhotos