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Given President Biden’s Climate Plan, Is Now a Good Time to Invest in Solar Stocks?

Written by Jeff Siegel
Posted August 4, 2022

Last week, solar stocks soared after Sens. Chuck Schumer and Joe Manchin announced they reached a deal on a new climate spending package.

That deal includes $369 billion for “climate and clean energy provisions.”

The market responded to that news by rewarding a number of solar stocks, including:

  • Sunrun (NASDAQ: RUN)
  • Sunnova Energy (NYSE: NOVA)
  • SunPower (NASDAQ: SPWR)
  • SolarEdge (NASDAQ: SEDG)
  • Enphase Energy (NASDAQ: ENPH)
  • First Solar (NASDAQ: FSLR)

Of course, it’s not just the solar industry that will benefit from this bill.

While the bill does contain a $10 billion investment tax credit, that credit is not monopolized by the solar industry. That tax credit is also earmarked for EV manufacturing facilities and wind turbines. Wind turbine manufacturers such as Vestas Wind Systems (OTCBB: VWDRY), GE (NYSE: GE), and Siemens Gamesa (OTCBB: GCTAY) will also benefit.

In addition to that $10 billion, there’s also roughly $30 billion set aside in tax credits for the domestic manufacturing of batteries, critical minerals, and a variety of components necessary for the production of solar panels and wind turbines. 

In addition to $40 billion in tax credits for the EV, solar, and wind industries, another $60 billion was set aside for environmental justice programs designed to fight pollution and address public health issues in disadvantaged communities.

While there’s no doubt that poorer communities in the U.S. have been forced to shoulder much of the pollution burden that comes with electricity generation, I’m willing to bet that this part of the bill will likely do more to enrich a handful of opportunistic politicians than it will to allow poor folks to live in communities free of smog, poisoned water, and enough particulate matter to bury the Empire State Building. 

 

From the leveled mountains of poverty-stricken coal country in West Virginia, which boasts the highest asthma lifetime prevalence among adults in the U.S., to the folks in Flint, Michigan, who were exposed to high levels of lead and Legionnaires' disease outbreaks for more than two years, it’s always those without giant wads of cash who get stuck with dirty air and water.

There are literally hundreds of environmental programs across the country designed to keep all Americans not just the rich ones safe from environmental harm. And billions of dollars have been spent to keep these programs running. So pardon me if I seem a bit skeptical about this latest effort to ensure environmental justice when many of the lower-income parts of this country continue to wallow in industrial filth. 

Still, despite my diatribe regarding publicly funded efforts to ensure even the most basic level of environmental sustainability for poorer communities, I do know that with this latest influx of financial support for solar, wind, and electric vehicles, the leaders in the space should benefit quite nicely.

I’m actually particularly bullish on one type of solar investment that guys like Elon Musk, Jeff Bezos, and Warren Buffett have been profiting from recently — mostly in anticipation of these fat tax credits for the solar industry.

I should note it’s not an investment in a particular stock but rather an investment in various solar power projects all across the globe that pay out monthly royalties.

They’re called SPV royalties, and they allow you to get in on the same types of early-stage solar power project deals that, until recently, have only been available to the world’s richest billionaires.

But thanks to a recent SEC rule change that opens up these investments to everyone rather than just the ultra-wealthy, you can literally invest in the same types of solar projects that Elon Musk and Bill Gates have been profiting from for years.

And again, these aren’t stocks they’re private solar deals that you can invest in and start earning monthly income on right now.

It’s incredibly easy too. 

You just sign on to a platform designated for these investments, create an account, pick the project you want to invest in (there are many to choose from), and start collecting your monthly royalties.

That’s it.

You can learn how to get access to this platform here.

Oh, and here’s the best part …

You can invest as little as $100 in one of these projects and still collect those monthly royalties.

It really is one of the easiest and, quite frankly, safest ways to profit from the solar boom.

So unless you hate money, I highly encourage you to get some of this action for yourself. 

To a new way of life and a new generation of wealth...

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Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks and Weekly Score. For more on Jeff, go to his editor's page.

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