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Get On the Solar Bandwagon Before It's Too Late

By Taylor Muckerman and Joel South - Mar 23, 2014 at 12:48PM

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We have 37% more solar power installed around the world than we did in 2012.

While China and Japan might have installed more solar energy mega watts in 2013, the United States' 41% improvement is nothing to bat an eye at. Thanks to companies like SolarCity ( SCTY.DL ) and First Solar ( FSLR 2.11% ), California, Arizona and New Jersey -- yes, New Jersey -- are leading the charge. 

One big reason for this is that public awareness about solar power is spreading like rays of sunlight. In fact, you can now find a SolarCity representative in a growing number of Best Buy ( BBY 1.93% ) and Home Depot stores. Before too long, you will even be able to store energy generated during the day using lithium-ion batteries from Tesla Motors ( TSLA 4.24% ). For more information on the evolution of solar energy, check out the short clip below.

Solar power isn't OPEC's worst nightmare, but it should be

This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Stocks Mentioned

Best Buy Co., Inc. Stock Quote
Best Buy Co., Inc.
$106.68 (1.93%) $2.02
Tesla, Inc. Stock Quote
Tesla, Inc.
$1,051.75 (4.24%) $42.74
First Solar, Inc. Stock Quote
First Solar, Inc.
$101.20 (2.11%) $2.09
SolarCity Corporation Stock Quote
SolarCity Corporation

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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