Solar Energy is a Major Economic Driver for the US

The renewable energy (RE) and energy efficiency (EE) industries generated more than 9 million jobs, more than $1 trillion in revenue, and nearly $160 billion in federal, state, and local tax revenue in 2007.

Solar energy is a major economic driver for the United States, creating green jobs and vigorous revenue growth for participating companies. Despite a downturn in the U.S. economy, the American solar industry posted spectacular growth numbers in solar deployment during 2009. Photovoltaic (PV) installations increased 40 percent from 2008 to 2009. ASES predicts a 50 to 100 percent increase in solar deployment in 2010.

According to ASES’s pioneering report: Green Collar Jobs in the U.S. and Colorado – Economic Drivers for the 21st Century, the renewable energy (RE) and energy efficiency (EE) industries generated more than 9 million jobs, more than $1 trillion in revenue, and nearly $160 billion in federal, state, and local tax revenue in 2007. Our report determined:

“If U.S. policymakers aggressively commit to programs that support the sustained orderly development of RE & EE,” these RE & EE industries could “generate up to $4.3 trillion in revenue in the United States and create more than 37 million jobs by the year 2030” – that’s 17 percent of the U.S. work force. To follow are solar electric and solar thermal installation figures.

Read the full post on Mil-Tech. August 23, 2010.