(Newswire.net — August 10, 2017) — August 10, 2017) – As far as energy costs go, nothing beats solar energy and wind energy. These renewable energy sources dramatically lower energy costs. Nonrenewable fossil fuels like petroleum may currently be priced competitively, but ultimately their scarcity and carbon footprint will price them out of the market. They are the energy sources of yesteryear, and renewable energy sources are all the rage. In fact, the costs of solar energy and wind energy are falling faster than crude oil prices. Plus, these are non-exhaustible sources of energy which makes them inherently more attractive to users.
The double benefit of an environmentally friendly energy source at a low cost is hard to pass up, and corporate America is starting to take notice. This year alone, many multinational conglomerates are putting their proverbial pennies in the plate to cash in on the alternative energy boom. It would be foolhardy to think that corporate America is interested in reducing its carbon footprint as much is it is in reducing its overheads. With big business, it all boils down to dollars and cents. Fortunately, solar energy is one such renewable energy source that is proving highly cost-effective.
Major Companies Using Renewable Energy Sources
Anheuser-Busch InBev has made tremendous strides towards adopting renewable energy in its operations. In 2017, Anheuser-Busch InBev (NYSE: BUD) and its owner, 3G Capital, committed to powering 100% of the company’s electricity needs through renewable energy sources. This stunning strategic objective is set to be completed by 2025. To get there, Anheuser-Busch in Bev is investing heavily in solar energy panels and wind energy to reduce its electricity costs. According to the latest reports from BUD, the company is on track to beat its 2025 deadline.
Fortunately, this international alcohol and beverage producer is but one of hundreds of major corporations turning its attention to renewable energy sources. A global initiative known as the RE 100 campaign now features 100+ major corporations. Several power players on the list include Nike Inc., the Coca-Cola Company, Apple Inc., Goldman Sachs, J.P. Morgan Chase, IKEA and many others. J.P. Morgan Chase is also pushing for a 100% renewable power production objective within 3 years. It has proposed an investment of some $200 billion in clean energy sources over the next 17 years.
The crude oil heyday is gone: solar is the new blue-chip investment
For investors, the writing is on the wall. Crude oil may be the darling of yesteryear, and the Middle East may be swimming in it – but it is certainly not the way of the future. Electric vehicles, ethanol, wind, and solar energy are steering the global economy in a different direction. Many companies and homeowners are installing solar panels, windmills and other renewable energy systems to replace the electrical infrastructures currently in place.
Solar energy companies are popping up in major cities across the US, Canada, Europe and beyond. As wind and solar energy gains ground, its adoption will increase dramatically. Apple Incorporated has agreed on an $848 million deal with First Solar. This particular deal will reduce demand for fossil fuels and provide a fraction of the electrical needs of the end customers.
Dramatic cost savings for households and businesses
Many utility companies are now including solar energy as part of their offering. It’s important to conduct the necessary research before switching to solar energy. Solar panel quotes are provided by scores of reputable companies across the United States. Studies suggest that it is possible to reduce an average household’s electric bill by as much as 80% by adopting solar energy. Solar energy panels can also increase a home’s value by as much as 20%. The UV rays that power the solar panels convert the sun’s energy into electrical energy.
This clean power has virtually no carbon footprint, and the energy is provided directly by the sun. It is always cheaper than the services offered by a utility company. Many solar companies lease their panels to clients at a much lower cost than conventional utility companies. Not only does this lower the electrical costs, it also makes a home inherently more attractive. Stats suggest that the average savings on an energy bill can range from $44-$187 – yet another reason to go green with solar energy.