Renewable energy production is projected to increase fivefold in the next decade. That will take it from roughly 100 gigawatts (GW) of installed capacity today to around 500 GW in 2030, explains Sean Brodrick, editor of Wealth Wave.

What could really kick solar — and wind — into overdrive is if Democratic presidential nominee Joe Biden is elected. He has committed to boosts America’s focus on renewable energy — solar, wind and hydro.

We can expect a Biden administration to renew the solar Investment Tax Credit (ITC), which started at 30% but drops to 26% this year, 22% in 2021 and zero in 2022. The ITC has sparked an average 54% increase in installations since its inception.

Another development is transparent solar cells for windows. Researchers at the University of Michigan have developed an organic — carbon-based, rather than conventional silicon — color-neutral solar cell with 8.1% efficiency and 43.3% transparency.

The U.S. Department of Energy Solar Energy Technologies Office and the Office of Naval Research back this technology, so expect to see this on building projects in the near future.

In fact, the U.S. military is investing in solar as a cost-saving measure. A 1.1-megawatt floating solar power system is being tested at Fort Bragg right now.

Biden could win, he could lose — I’d say his odds are 50-50. So, we want investments that can ride the big trend already in place — and that also stand to cash in if the Green New Deal becomes policy.

So how can you play it? There are, in fact, three very liquid alternative energy ETFs you can buy:

The iShares Global Clean Energy ETF (ICLN)

This fund invests in 30 companies tracked in the S&P Global Clean Energy Index and is weighted toward solar. It has an expense ratio of 0.46%. My Supercycle Investor subscribers already own it.

The Invesco Solar ETF (TAN)

This fund holds a basket of 28 solar-leveraged stocks tracked in the MAC Global Solar Energy Index. It has an expense ratio of 0.71%.

The First Trust ISE Global Wind Energy Index Fund (FAN)

This fund holds a basket of 45 wind-leveraged stocks tracked in the ISE Global Wind Energy Index. It has an expense ratio of 0.62%.

These three funds will help you do well. When it comes to wind and solar, the sky’s the limit on profit potential.

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