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If you run into an opponent of solar energy and the renewable market, you might hear them say something to the tune of how expensive it is to install solar panels or to upkeep wind turbines.
And you might be tempted to agree. After all, when solar energy was in its infancy, back in the 1950s, the cost was astronomical and unrealistic and far beyond the reach of the average person.
But don't let that deter you from the reality of modern solar energy.
These days, average homeowners could find it well within their means to go solar – with a bonus to boot, thanks to new initiatives rapidly spreading across the country and the globe.
Not only could you be saving money on your electric bill month after month and year after year…
But as I'm about to explain to you, some Americans are already set to receive several thousands of dollars in bonus cash for switching to solar.
And two states are setting that precedent as you read this…
The Expanding Solar Market Down South
You might not think of the Carolinas as hubs of the renewable energy trend, and yet here we are.
In fact, South Carolina has been expanding its renewable energy portfolio substantially – the state ranks number 24 nationwide in solar energy generation.
Not only that, but the Palmetto State ranks as one of the top states in solar employment, with 2,829 solar energy employees.
This growth is largely due to the Distributed Energy Resource Program Act, passed in 2014, which allows the state's electric utility companies to recover expenses incurred to install solar panels.
And South Carolina isn't alone – its brother state to the north is a leader in solar capacity, with 4,411 megawatts (MW) installed and 7,622 employees in the solar sector. It is also ranked second nationwide in solar generation.
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But these facts and figures are what these two states have already incurred.
North Carolina is projected to install 4,577 MW of solar capacity over the next five years, while South Carolina is expected to add more than 1,500 MW of solar energy to its grid in the same period.
The reason for these incredible increases comes down to one company…
About the Author
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk assessment, and emerging market economic development. He serves as an advisor to many U.S. governors and foreign governments. Kent details his latest global travels in his free Oil & Energy Investor e-letter. He makes specific investment recommendations in his newsletter, the Energy Advantage. For more active investors, he issues shorter-term trades in his Energy Inner Circle.