How I Turned $20,000 in Renewable Energy Investments Into a $1,300 Annual Cash Flow Stream
Many people go green because it's good for the environment. While I'm all for a cleaner environment, I invest money in the hopes of making money. Going green has been very good for my portfolio and passive income stream.
I've steadily invested in renewable energy dividend stocks over the past several years. I recently reached the $20,000 milestone of capital invested in the sector. This growing investment is starting to pay big dividends. I'm currently generating over $1,300 in annual dividend income from this investment, enough to offset my annual utility costs. Here's a look at my renewable energy income portfolio.
I own shares of four renewable energy yieldcos, entities formed by other energy companies to own income-producing renewable energy assets. They distribute a significant portion of the cash flow from generating and selling renewable energy to shareholders via high yielding dividends (hence their name). Here's a snapshot of my mini portfolio of renewable energy yieldcos:
Source Fool.com
