Are you one of those investors who want your money to go somewhere where you can earn a better return? If you have even a passing interest in green energy, you should look into solar. Why am I saying this? Because we can expect higher returns in the future from solar. Today’s article will attempt to explain why you should invest in solar. get the more clarity on solar investment opportunities.
Future of Solar Energy coming few Years
From an investment point of view, investing in solar energy can be a profitable deal. Demand for solar is going to increase further in the coming time, and in such a situation, production capacity will increase and new projects will be set up. Many changes are taking place in solar technology which has the potential to give better returns commercially in the coming times.
With your financial capacity in mind, where can you invest in solar?
First, know that the solar industry is vast, with various jobs and ways to invest. Different banks and companies are part of this. Now, decide where you fit based on your investment. If you invest a small amount, you can join small solar companies. However, remember that investing in small companies carries risks, so thoroughly check them. Understand their business model before investing.
If you have a large investment, you can invest in bigger projects with non-bank financial companies (NBFCs). Working with NBFCs might be challenging, but it provides added security for your investment.
Use both CAPEX and OPEX solar models to diversify your investment portfolio and combine ownership benefits and operating cost savings for maximum returns.
Look, first of all let us understand what CAPEX and OPEX model is. Nowadays, these two investment models are quite effective in solar, however, other investment models have also been introduced recently.
CAPEX Solar Model – This model is generally very beneficial for industrial users where you can get a better return by investing in your own solar project. In this you get GST input and tax benefit very easily. Furthermore, there is a chance for you to acquire carbon credits. If you are an industrial user seeking carbon credits to offset emissions beyond the anticipated levels, investing in solar energy presents an additional opportunity to secure those carbon credits.
OPEX Solar Model: The Opex solar model stands out as a superior choice for solar investment. If you are considering investing in a solar power plant, adopting this model is a viable option. With this approach, you install a solar power plant for the user and, in return, they cover the electricity bill on a monthly basis through a contract spanning 10 to 25 years. For additional details, please refer to the video provided below.
Video for OPEX Model Solar Power plant
Conclusion:
Consider investing in any facet of solar energy, but it’s crucial to thoroughly understand the field before entering any business model. Given the inherent market risks, select a business model that aligns with the capacity of your capital. The upcoming times present significant opportunities in solar, requiring you to make informed and prudent choices. So go for the solar investment in 2024 without worry but with proper information.
