A recently released study by the NC Clean Energy Technology Center finds that investing in a 5 kW solar system can be a better deal than investing in a stock market index fund in 46 of America’s 50 largest cities. Funded by the Department of Energy (DOE), the study concludes that solar is a “real opportunity for anyone looking to take greater control over their monthly utility bills and make a long-term, relatively low-risk investment.”
“This study proves once again that solar makes great financial sense for a large number of Americans,” said Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), Washington, D.C., in a press release. SEIA estimates that the U.S. now has an estimated 20.2 GW of installed solar capacity, enough to effectively power nearly 4 million homes in the United States – or every single home in a state the size of Massachusetts or New Jersey – with another 20 GW in the pipeline for 2015-16.
