What the gold rush can teach us about developing solar projects


Mining gold

Image credit: Gold Miner Classic

Imagine you discovered there was $1 million worth of gold in your backyard. Would you buy the mining equipment to extract it? What if you didn’t have the money to buy the equipment, would you let that stop you? What if the gold vein turned out to be endless? You could pay off the equipment with the mined gold and then have a constant revenue stream for generations.

This is exactly the situation we are in now, except our gold mine is in the sky. There is a bounty of solar energy that is available each day but people and businesses are watching this opportunity pass by simply because they cannot purchase the necessary equipment to convert the electricity. The gold miners of the 19th century found ways to finance equipment and tools by any means necessary, should we be doing any less in the 21st century for solar?