Exciting Trends and Business Opportunities: Solar Power

What’s so exciting about residential solar power right now is not that solar panels are becoming inexpensive. It’s that homeowners can generate their own electrical power. As you’ll see in the video below, this wise entrpreneur is making a good amount of income from his installation ($5000 from 7000 kw produced).

Do you like earning more money? I’ve pointed out some of the hottest trends going: digital marketing agencies, Keurig coffee distribution, wineries, art, health and wellness, and organic foods. Solar power is a legitimate, sustainable business. Take it seriously.

Solar power installation by a Canadian Solar Installation Company

Those who own a system can sell their excess power back into the electrical grid at 80 cents per kilowatt. With so few ways for the average person to make extra income, this idea of passive income is appealing to retiring babyboomers, entrepreneurs, or young couples wanting to ease up on their growing mortgage payment.

Solar power installation companies could be entering a very profitable decade ahead. Take a look at Pure Energies Inc. of Toronto (who rank well in Google. Nice work). That’s because materials and systems are inexpensive and ROI is improving, yet companies actually make most of their money on the installation.  These startup companies could be worth a fortune.

Not many homes have solar systems, but you’ve probably seen them around. Where I work in Markham, they are appearing on a number of office buildings. Solar is going to be huge.

Money Making Potential

With homeowners switching to gas clothes dryers, gas kitchen ranges, gas furnaces, and LED lighting, traditional demand for electricity will drop. Doesn’t that make you feel all warm and fuzzy? However, another source of demand (electric cars) will keep demand for electricity high. Electricity is expensive and homeowners want to cut their bills anyway possible.

When natural gas prices return to normal levels they’ll have even more cost added to their outrageous cable bills, internet bills, and cell phone bills.  Solar panel systems may be the only way homeowners can cut their costs and get a sense of relief from all the economic vultures prey on them.

It’s Cool to Be Eco-Conscious – And Solar is Really Sexy

Solar panels on roof of home in Aurora Ontario

Home solar power systems make homeowners look modern, eco-conscious, and it’s one way they have of feeling unique and special in their community.  People like the feeling that they’re getting attention. And the solar system is a great conversation starter. Now they can throw away the old 62 Chevy that’s been taking up space in their garage. Solar power is much more interesting to most people, especially millenials.

Ontario’s Microfit Program – See How it Works here.

How Here’s someone in London who has a good sized solar power installation and no hydro bills..

Will governments support home based power generation? In most cases they will. They’ll have to. Increasingly, voters don’t want to agree to billion dollar nuclear or coal fired power generation. It’s dirty and potentially lethal to human beings.  The introduction of LED lighting and LED displays will reduce power demand by 20%. Taxpayers will breathe easier when governments give up on billion dollar power plant debt projects. This article discusses the solar power situation in the US.

Directional solar panel units on ranch home near Stouffville Ontario
Battery technology has grown faster than anyone dreamed of. Here's another business opportunity for smart entrepreneurs.
Battery technology has grown faster than anyone dreamed of. Here’s another business opportunity for smart entrepreneurs.

The eco-conscious consumer segment is rising. As more homeowners and property owners recognize the potential in solar power, they’ll jump on the bandwagon. The economic spinoff of this homegrown industry is staggering.

There are batteries, transformers, panels, electronic controllers and many more accessories that will create jobs.

A great use of scrubland near Keswick, Ontario, is a solar farm which produces 10 Megawatts of power.

Although the price of oil and natural gas has dropped recently, it’s expected to rise back up in a couple of years. The electric powered car is coming into vogue and they will require huge amounts of electricity — creating demand for homegrown electrical power generation.


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