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How Solar Boosts the Economy

01/07/13

  08:40:00 am, by Jim Jenal - Founder & CEO   , 394 words  
Categories: All About Solar Power, Solar Economics, Solar News

How Solar Boosts the Economy

Since cost-benefit analyses appear to be the rage in the New Year, particularly regarding solar, we were struck by a piece over at Greener Ideal documenting three key ways in which the solar industry boosts the overall economy - here’s hoping these are being factored into those analyses!

Jobs

More US solar jobs than in coal!The most significant way is that solar power means jobs - actually more jobs in the U.S. than does the coal industry! Indeed, the U.S. solar industry employs 119,000 people compared to just 86,000 working for coal companies.  Moreover, job growth in the solar industry far outpaces that in the coal industry.  In 2012, solar jobs increased by 13% while the overall U.S. economy was growing by just 2.3% and the fossil fuel industry lost jobs overall.

Of course, most coal-related jobs are with large corporations whereas many solar jobs are found in small businesses, like Run on Sun, which might explain the disproportionate impact that the coal lobby has over the solar industry trade groups like SEIA.

But seriously, if you were advising your child about where to look for work in the 21st Century, would you want to send them toward a coal mine or a solar farm?  While the solar industry is not without its risks, cave-ins and Black Lung are not among them.

Energy Independence

All fossil fuel is finite; we aren’t making anymore during our lifetimes or those of our offspring.  By contrast, energy from the sun will be around as long as humans inhabit this Earth - it is clean, abundant, and free.  Every solar-powered kilowatt-hour that we generate means that much less coal to be mined, natural gas to be “fracked” or barrel of oil to be imported from unfriendly regions of the world.  A stable supply of renewable energy frees our country from a host of problems both natural and man-made.

Saving Money

Last, but by no means least, solar saves people money.  Serious money, in fact.  For commercial building owners, that savings can translate into the ability to hire more workers.  For residential clients, the savings are more money to spend in the local economy, boosting employment in your home town.

Put it all together and it is easy to see that solar power is a boon to the economy - and we haven’t even touched on its environmental benefits!  (Did someone say, “Climate Change"?)

Just three reasons why 2013 is the Year to Go Solar!

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Jim Jenal is the Founder & CEO of Run on Sun, Pasadena's premier installer and integrator of top-of-the-line solar power installations.
In addition, Run on Sun offers solar consulting services, working with consumers, utilities and municipalities to help them make solar power affordable and reliable.

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