Solar: a great long-term investment

solarAs oil prices go down, so do solar energy stocks.

Oil prices have fallen by about 40% since mid-June, while solar stocks have fallen about 20% in that time.

This is not new, solar stock prices have reacted to rising or falling oil prices in the past. Investors fear cheap oil will bring down demand for alternative energy.

Fears unfounded

But in reality, those fears are completely unfounded. Here are a few things to consider:

  1. Solar energy and energy from oil are used in very different ways: Oil is used mainly for transportation fuels, while solar power gives us electricity to power, for example, our machines and electronic devices, and to provide lighting in our homes and businesses.
  2. As the costs of solar energy production go down, it becomes a better choice as an alternative to other types of electricity generation– which means better returns on investment (ROI) in the long term.
  3. Public utilities and big businesses are increasingly turning to solar to feed our massive need for electricity. The agreements that they sign with solar providers often span decades and are therefore unaffected by oil price changes.
  4. As an economic and jobs driver, the clean energy sector – which encompasses hydro power, as well as wind, solar and biomass – is a much better long term bet. In that sector, employment is up 37 per cent to 23,700 people over 5 years in Ontario, B.C. and Quebec. That compares with 22,340 employed in the oilsands. (Solar ‘farms’ are even being planned in oil rich Alberta, where sunlight is intense and plentiful.) Wind, solar, run-of-river, and biomass energy has grown by 93 per cent since 2009.

The bottom line for investors? Solar is here to stay and the future for solar ROI keeps getting brighter (so to speak).

Save the date: Plug’n’ Drive celebrates the EV (electric vehicle)

Plug’n Drive is marking the 10,000th electric vehicle sold in Canada with a five-day celebration, including a display of every make and model of EV, along with some great presentations..

electric carIt will happen January 12 – 16, 2015, in the Atrium at Brookfield Place, 181 Bay Street, across from Union Station in downtown Toronto.

This 5-day showcase provides the opportunity for visitors to get up and close with the latest models of fully electric and plug-in hyrbid electric vehicles on the market, and to celebrate the clean electricity sector in Ontario and across the country.

It will include a special VIP cocktail reception on Thursday, Jan. 15, from 6 pm – 9 pm including live jazz, cocktails conversation and a chance to get up close with the cars and mingle with stakeholders from across the industry.

Tickets go on sale soon. For more information visit website.

What: EV 10,000
When: January 15, 2015 – 5:30 pm to 8:30 pm
Where: Brookfield Place, 181 Bay Street Toronto, Ontario M5J 2T3

About Plug’n Drive

Plug’n Drive is a non-profit organization committed to accelerating the adoption of electric cars to maximize their environmental and economic benefits.

They strive to be the “go to” source of information and resources that will help achieve this.

Benefits of driving electric: Cost comparison chart

Click image to view full size:

Cost to Drive an Electric Car in Ontario_0

For more info visit the Plug’n’ Drive website.