Warren Buffett Looking to Double $15 Billion Solar & Renewable Investment

Warren Buffett Looking to Double $15 Billion Solar & Renewable Investment

At the Edison Electric Institute’s annual convention in Las Vegas, Warren Buffett commented on his already established $15 Billion investment into the Solar & renewable energy sector by responding “There’s another $15 billion ready to go, as far as I’m concerned.”

Looking towards the long term growth of his company Berkshire Hathaway Inc. (BRK/A) Buffett has increasingly invested in regulated, capital-intensive businesses such as railroad BNSF and power companies. He bought control of an energy holding company in Iowa in 2000 and helped bankroll its expansion.

The unit, now called Berkshire Hathaway Energy, operates electric grids in the U.K., natural gas pipelines that stretch from the Great Lakes to Texas and electric utilities in states including Oregon and Nevada. Its renewable investments include wind farms in Iowa and Wyoming, as well as solar farms in California and Arizona.

Berkshire has been able to plow so much into renewable energy because it can use tax credits to offset profit at other businesses, Abel, the 52-year-old CEO of Berkshire Hathaway Energy, said.

Berkshire Hathaway and companies of its size are not the only ones that can benefit from government incentives, rebates & tax credits. You can too and we can help make it easy. Get a free estimate on the value of the sun on your roof and how much you can save with current incentives by filling out the form on the right.