I just met a guy who’s been in the solar business since 2002, working on projects that are in the 8-figure range. He mentioned a recent $27 million deal, so that means commercial and/or industrial clients.
After expressing my admiration for what he’s done, I asked what changes he’s noticed, and he replied, unsurprisingly, that the cost of goods has fallen by more that 50%–probably closer to 70%.
Then I asked him about his concerns about solar’s future. He said that Biden’s Inflation Reduction Act has been incredibly powerful. It re-instated the 30% investment tax credit that had expired, and added on another 20% if the project uses U.S. made materials. He continued, “I don’t know where you are politically, but the Trump administration has vowed to repeal Biden’s work, and bring all this to a halt. This would be a terrible blow to the progress we’ve made.”
I’m not a financial pro, but here’s some advice:
Don’t live on a budget. Make a lot of money and live far beneath your means. What value does luxury actually bring to your life, especially if it makes you nervous about running out of cash?
As I told my kids when they were growing up, “Unless you’re completely shallow, showing off your money is an idiotic thing to do. You make false friends and have people glomming onto you to sell you stuff you really don’t need.”
Warren Buffett still lives in a modest house in Nebraska, a state in which he could buy an entire country. Maybe there is something about him and his values that could benefit you.
I see.
There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.
LOL.
It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.
People say that the principal weakness of human beings is that we can’t plan for the future as a species. Dogs are arguably even worse, though they aren’t consumed with greed. They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.
As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.
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