No Matter Who Wins The Election, The Dawn Of Solar Power Is Here

Before November 3, everyone is trying to get ahead of an “Election Day” boost – buying stocks in certain sectors and hoping prices rise because of who won the race.

You don’t have to do that because this technology I’m about to talk about is set on an unstoppable path. I have a clear winner that’s going to make you money, no matter who is in office.

I’m talking about solar energy, the fastest growing renewable energy source last year according to the Energy Department. Since 2016 we will have more than doubled the total installed capacity, continuing the groundwork that has been laid for solar power generation in the United States.

Investors have realized that the future is in renewable and more environmentally conscious energy sources and money has been pouring into solar, electric vehicle, and other renewable energy stocks. Right now, over 60% of electricity generation in the United States is from fossil fuels, which means we have a long way to go.

That same number means that, as we transition to renewable energy, we’re also going to be seeing huge demand and profits for new inventions that let us use the fossil fuels we still need more efficiently, like an engine the size of an iPhone 6 that is 80% more thermodynamically efficient than its rivals.

The current administration has also moved forward and greenlit the largest solar project in the United States, showing that it is in support of the industry. The $1 billion Gemini solar project in Nevada will be a 690-megawatt powerplant and includes 380 megawatts of battery storage.

While we have seen several solar plants built in the last few years, Biden has promised to spend $2 trillion on renewable energy. Within this plan, he wants to create a task force to push the install of 500 million solar panels to help reach his goal of 100% carbon-free electricity by 2035, a much quicker goal than the prior target of 2050.

Even with the current 30% tariff on solar panels set in place in 2018, which was originally seen as a major setback given much of the manufacturing is outside of the United States, solar has continued to grow.

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