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January 20, 2023

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Investing Shasta Power Solar vs Fossil Fuels

Is Solar Investing Recession Proof? You Won’t Believe The Answer!

By Shasta Power

A recession can be a difficult time for many industries, but for those in the utility-scale solar development business, it may just be the perfect opportunity to invest.  The reasons for this are numerous, but perhaps the most compelling is the fact that utility-scale solar development is a long-term investment with specific momentum right now. …

Is Solar Investing Recession Proof? You Won’t Believe The Answer! Read More »

A recession can be a difficult time for many industries, but for those in the utility-scale solar development business, it may just be the perfect opportunity to invest. 

The reasons for this are numerous, but perhaps the most compelling is the fact that utility-scale solar development is a long-term investment with specific momentum right now. The demand for clean sources of energy, new tax incentives from the IRA bill, and the global need for clean energy are particularly compelling and are driving forces for solar development. 

As the world becomes increasingly concerned about climate change and the impact of fossil fuels on the environment, the demand for clean energy sources like solar power is only going to continue to grow. This means that utility-scale solar development projects are likely to remain profitable for the foreseeable future.

Another advantage of utility-scale solar development is that it is a well-understood technology, with limited environmental impact. Relative to traditional fossil fuel energy sources, utility-scale solar projects can be installed quickly and cheaply. This means that even during a recession, it is still possible to secure funding for these types of projects. 

Additionally, once a utility-scale solar development project is up and running, it requires very little maintenance, which means that it can be a relatively passive source of energy.

Utility-scale solar development is also a long-term investment, which means that it is less affected by short-term economic fluctuations. This is particularly important during a recession, as many other types of investments are likely to be negatively impacted by the economic downturn. With utility-scale solar development, however, investors can take a more patient approach and wait for the market to recover.

In addition to these benefits, utility-scale solar development also has the potential to create jobs and stimulate local economies. According to a study by the National Renewable Energy Laboratory, the construction and operation of a 100-megawatt solar power plant can create over 500 jobs. This can be especially beneficial during a recession, as many people may be struggling to find work.

Finally, utility-scale solar development can also help to reduce energy costs for consumers. As more and more utility-scale solar development projects come online, the cost of solar power is likely to continue to decrease. 

This means that in the long term, consumers will be able to benefit from lower energy costs, which can be especially beneficial during a recession when people may be struggling financially.

In conclusion, a recession may be a difficult time for many industries, but for those in the utility-scale solar development business, it is an opportunity to invest in a long-term, low-risk, and environmentally friendly form of energy that can create jobs and stimulate local economies. 

Additionally, it can also help to reduce energy costs for consumers in the long term. 

As the world continues to move towards clean energy, utility-scale solar development is a smart investment that is likely to remain profitable for the foreseeable future.

Our Summit Power Fund is making substantial bets on this clean energy future. Get in early and invest now while the timing is perfect.

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Shasta Power

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