Aspects to consider when investing in renewable energy

investment in renewable energy

More and more people are considering the possibility of investing in the development of renewable energies. In a large number of cases, this decision It is not entirely feasible if you do not have some type of financing, since it has high initial economic costs.

Even if you only want to place a few solar panels to save on the electricity bill, investing in renewable energy is not cheap. Usually, the money invested pays for itself in the long term. What do you do if you want to bet on renewable energy?

Initial investment

investment in solar energy

The only positive aspect of renewable energies is that this year the price of photovoltaic panels has been reduced, since a few years ago it was practically impossible to access them. On the other hand, the advancement of technology has resulted in the manufacture of photovoltaic panels with greater efficiency in obtaining energy, therefore, more benefits are generated and the investment repayment terms are shortened.

Investments in renewable energy are becoming more frequent thanks to the energy policies applied by the Government. There are several types of financing for renewable energy. These depend on whether the energy use is for an individual or for a business investment. It is evident that the amount of solar panels that a home needs for self-consumption is not the same as a company to place a solar park.

How to request financing

If we ask for a loan for the initial investment we will have to take into account that, when it comes to returning it, it will have interest and commissions. To avoid this, we can get personal loans through financial between people. These organizations function in a similar way to banks but not.

About 6 years ago there was a boom in renewables in Spain thanks to the subsidies given by the previous Government. However, with the arrival of the PP all those aid disappeared. This has led this group to denounce the current administration before the courts for non-compliance with the provisions of the agreed grants and subsidies.

Investing in renewable energy can be expensive at first, but in the long run you will have the guarantee of amortizing everything and obtaining profitability.


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