Solar Powered Rich Dad

You may have heard that solar is expensive.  In reality, it really isn’t a cost, it’s an investment.  With a 15 - 19% rate of return and a 5 - 7 year payback, its a darn good one at that.  When you invest in Solar, you are investing in a true asset according to the “Rich Dad Poor Dad” philosophy.  Robert Kiyosaki, investment guru, talks about assets as investments that produce monthly income.  He believes in real estate that produces rental income for instance, or a business that you don’t have to work.  Your home is not considered an asset because it typically does not produce income and a business that you have to work is a job.  Building assets is Kiyosaki’s formula for wealth. If you never read “Rich Dad Poor Dad”, I highly recommend it. I believe whole heartedly in Kiyosaki’s philosophy.  The only difficult thing is that real estate and businesses can be expensive and risky if you’re not experienced.

To me, solar is a great entry level asset.  For a relatively small investment, you will have an asset that produces free electricity.  Being that electricity is a necessary commodity, that’s money. It’s actually better than money because it’s not taxed. Solar is also a passive income.  Once installed there is virtually no maintenance. It just sits up on your roof, an otherwise dead spot on your house, and produces energy. After the novelty wears off, you’ll be making money you won’t even think about it.

NOW your house IS and asset.