EvoEnergy Highlights Benefits of Solar Investing for Retirement Income
New research compiled by UK solar company EvoEnergy has shown how investing a lump sum in solar or renewable investments rather than an existing pension plan can deliver double-digit returns for private investors in their retirement.
The results showed that domestic solar could deliver annual returns of more than 10 percent for the duration of the Feed-in Tariff (FiT), while a typical managed pension fund could be expected to grow by 6 percent per year over the same period after charges.
Those choosing to invest in certain larger renewables projects through a debentures-type scheme, meanwhile, could achieve yearly returns as high as 8 percent.
EvoEnergy said that while pensions come with the extra benefit of government tax relief, the difference in annual returns between PV and a pension from the same initial investment shows why solar investing should be seen as a serious addition for investors looking to diversify their existing retirement portfolios.
Aside from domestic solar, another such opportunity could be through alternative debenture investments with companies like Abundance Generation, which allows private investors with a lump sum to invest directly into larger renewable projects that support local communities.
EvoEnergy compiled the figures after the Minister for Climate Change claimed that solar could deliver better returns than a pension.
Image via Shutterstock
- Six Essential Steps to Drive Effective Energy Management
- How to Use Lean Tools to Cash In On Environmental and Energy Savings
- Top 3 Reasons to Calculate Your Environmental Footprint
- 2014 Insider Knowledge Report
- Trends in Energy Management: Where Should Your Next Investment Be?
- Sustainability Reporting for Commercial Real Estate: GRESB
- Integrating sustainability into your ERM framework
- Smart Companies Utilize Integrated Energy Solutions
- Integrated Building Optimization
- Alarms Management: The Future is Now
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement