New Study Shows US Solar Energy Could Employ Hundreds of Thousands of Americans by 2020
A new independent research report released today by the Howard H. Baker Jr. Center for Public Policy at the University of Tennessee, Knoxville, found that solar energy is following the same path to commercialization as other traditional energy sources spurred by federal incentives. The study, titled "Assessment of Incentives and Employment Impacts of Solar Industry Deployment," also estimates that the U.S. solar industry could employ hundreds of thousands of Americans by the end of the decade.
Like oil, coal, natural gas, nuclear, and all other traditional energy sources, the Baker Center finds, solar has received support from the federal government to promote its usage in order to drive our economy. In fact, according to the report, diffusion of solar energy technology in the energy markets is very similar to the paths that many American industries have traveled to become mainstream. Unlike more mature technologies, however, that continue to receive subsidies, solar energy is currently in a very early phase of its growth trajectory.
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