Solar Benefits U.S. Economy

July 2, 2018

Solar energy is one of the most sustainable and clean energy sources on our planet. That means that solar energy systems are a step in the right direction for our fragile environment that faces the daily onslaught of increased carbon emissions caused by human activity. Solar, however, is not just beneficial to our planet Earth, it also has a huge positive impact on our U.S. economy. An increase in American jobs, promotion of investments in several key U.S. industries, a shift from dependence on foreign energy sources, and support for local communities and municipalities are just a few of the economic effects of solar energy. Let’s take a closer look at how solar can benefit our economy.

 

  • Job Opportunities – According to a 2016 study published by Forbes and Statistica, and which was conducted by the independent nonprofit group, Solar Foundation, the solar industry added 35,000 jobs in 2015, up 20% from the previous year. There are about 370,000 solar energy employees in the U.S. They include solar panel installers, designers, engineers, sales personnel, and managers. In addition to this research, the Political Economy Research Institute at the University of Massachusetts estimates that for every $1,000 invested in solar produces 14 jobs, versus 5-7 for natural gas and coal.

 

  • Reduction of Dependence on Foreign Energy – Americans are addicted to their cars, electronics, and all sorts of gadgets and appliances that require energy. By switching to solar, many homeowners feel that they are slashing our country’s dependence on foreign fossil fuels. This decrease in the use of foreign imported oil as an energy source keeps money in the United States and strengthens our economy.
  • Investments in U.S. Industries – As more and more Americans are turning to alternative energy sources, so too do investors who find it more profitable to back industries that feed the solar industry.
  • Benefits to the Local Community – Many solar companies are locally owned and operated like SunPower by BlueSel. By supporting these industries, that money funnels back to the community and neighborhoods near you.

 

If you are looking to help our economy and your own wallet, consider solar energy. Call SunPower by BlueSel at 781-281-8130 or visit our website.