Over the weekend, the Senate passed a $369 billion package for energy security, and for climate change. According to the Solar Energy Industries Association:
“Today is a monumental day for America’s clean energy progress and global climate leadership. With the passage of the Inflation Reduction Act in the Senate, solar and storage companies are one step closer to having the business certainty they need to make the long-term investments that decarbonize the electric grid and create millions of new career opportunities in cities and towns across the country. This legislation is the most transformational investment America has ever made in our climate future,” as quoted by CNBC.
That’s big news for green stocks, such as First Solar (FSLR), which we featured on August 5, 2022. But if you’re looking for greater exposure to green stocks, such as solar, take a look at the Invesco Solar ETF (TAN) ETF. With an expense ratio of 0.66%, some of the fund’s top holdings include Enphase Energy, SolarEdge Technologies, First Solar, SunPower Corp., and Canadian Solar to name a few.