I was thinking through the stages that this crisis is going through, and how it relates to alternative energy. Here are some thought on that process.
- As the oil price increases, more investment dollars and policy decisions favor alternative energy.
- The alternative energy investments are so risky, that people won't make them until the oil price is nearly at a breaking point.
- Once you make an alternative energy investment, you'll need a trained individual to do the installation, regardless of what it is.
So, when oil hits a new peak, we'll see a great demand for electricians to wire the windmills and solar panels.
If natural gas conversion kits start selling fast again, we'll see a demand for mechanics that can install them.
When I say demand, I mean installers in the millions. This is a big deal. Imagine if a power company found it to be in their best interest to install a solar panel on every home and business. What if they were to offer $50 per solar panel installed on a customer's rooftop? Demand would go ballistic for installers. This model is already the case for satellite dish installation.
Here are some players to watch:
- Enphase makes solar panel wiring literally a 10-minute process. They also make it financially feasible to install fewer than 5 panels on a roof for the first time.
- Remote learning can give certifications to electricians and mechanics.
- Natural gas conversion kits require specific parts and tanks.