According to reports, a thriving solar energy industry in the U.S. is an economic engine that will help relieve a struggling American economy.
With rebates and initiatives driving the uptake of solar energy especially in places such as California, the government are hoping this will create tens of thousands of jobs across the country. This will in turn generate billions of dollars in economic growth and tax revenue.
And let's face it, the solar energy industry is growing year on year.
Check out what happened in 2007 as an example:
New solar installations nationwide increased by more than 40% from 2006 to 2007.Expansions of solar energy companies resulted in 6,000 new solar energy jobs nationwide. $2 billion of investment via solar energy was pumped into the U.S. economy by Wall Street firms such as JP Morgan, Chase and Goldman Sachs.
A recent study from Navigant Consulting found that more 115,000 jobs and nearly $19 billion in U.S. investment would have been lost in 2009 alone if Congress hadn't extended the solar and wind tax credits. Fortunately they did.So, as you can see, an expanding solar industry creates thousands of new jobs. Not just directly in the solar industry but indirectly too.
Jobs such as electricians, construction workers, plumbers, line workers, roofers, engineers and high-paying manufacturing positions are also required. And this really is a shot in the arm for a struggling economy.
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For more on vacancies in the industry go to
solar energy jobs.
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