How to invest in renewable energy
If you are looking to diversify your investment portfolio, renewable energy options can be a superb choice. In addition to helping to boost your financial prospects, choosing to invest in renewable energy is a great way to help protect our precious environment.
Choose solar panels
Of course, one of the most simple ways to help your finances whilst doing your bit for sustainability is to opt for solar panel installation Bath. There are a great many reasons why having solar panel installation in Bath – or indeed anywhere else in the country – can make great financial sense. After all, solar panels can earn you extra cash in addition to saving you considerable sums on your household energy bills.
Another way to invest is to put your money straight into an initiative that is committed to delivering renewable energy to communities, which means your money will play a key role in making the planet a greener place. Projects such as wind or solar farms or initiatives to add solar panels to schools are good options; however, it is important to bear in mind that this kind of investment will need to be long-term to yield results. Some of these projects hold funds in an ISA, making it a tax-free venture. Always check with the FCA before handing over your money, as any organisation requesting investment should be listed on its financial services register.
Choose renewable energy stocks
Another option is to put your money into renewable energy stocks, which means investing in shares of companies that are demonstrating a commitment to green initiatives. This includes sustainable energy providers and companies that produce the metals and other components required to build solar panels and wind turbines. It is easy to buy and sell shares on the UK stock market, and another benefit is that you can do so with a stocks and shares ISA. It makes sense to diversify your investment across a range of companies, and always remember that the value of shares can go down as well as up.