US solar industry to employ hundreds of thousands by 2020

US solar industry to employ hundreds of thousands by 2020

01.05.2012: According to a new report developed for the US Solar Energy Industries Association (SEIA), the US solar industry could employ hundreds of thousands of Americans by the end of the decade. The report, which was carried out by the Howard H. Baker Jr. Center for Public Policy, estimates that more than 100,000 Americans currently work at 5,600 solar energy companies across the US. The report also found that solar energy is following the same path to commercialization as other traditional energy sources that have been supported by federal incentives. According to the Baker Center report, every significant energy resource deployed in the US today has had approximately 30 years of innovation and early adoption before beginning rapid growth that brought about mainstream adoption. The report says that solar is currently in a very early phase of its growth trajectory. Noting that each traditional energy source now employed in the US has been developed with significant government support, the SEIA concludes that federal and state governments must continue to support solar in the same they supported other energy sources in the past. … Source: Howard H. Baker Jr. Center for Public Policy, US Solar Energy Industries Association; Summary: PHOTON http://www.seia.org http://bakercenter.utk.edu/news/assessment-of-incentives-and-employmen t-impacts-of-solar-industry-deployment-5-1-12/ The complete press release can be viewed in PHOTON's archive using the following link: http://www.photon-international.com/newsletter/document/64430.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com