With steady growth in jobs reported in recent years, the job growth in the solar industry is set to continue for years to come, according to a reputable consulting group.
Meister Consultants Group recently released a report with the encouraging news that investing in solar energy generates around three times more jobs than similar investments in fossil fuels. The news comes despite the same report placing the current solar workforce at 208,000, less that the number released by The Solar Foundation’s National Solar Jobs Census (260,000) and less still than a Department of Energy report earlier this year (373,807).
The University of Massachusetts Amherst provided research for the report, that also states that solar jobs are much more stable than jobs in other economic sectors. Because solar jobs are inherently local, is it nearly impossible to outsource them, giving them the stability. Meanwhile, manufacturing jobs in other industries can often be easily outsourced.
Meister was also encouraged by another report from the Bloomberg New Energy Finance, which reported that the extension of the investment tax credit (ITC) in late 2015 could itself help to produce more than 220,000 solar jobs over the next seven years. Meister’s report shows that the solar industry is currently producing jobs 12 times faster than the rest of the U.S. economy. Solar development has skyrocketed because of plummeting solar panel prices, which the report says have dropped 72 percent between 2010 and 2015. California, Massachusetts, New York, North Carolina, Florida and Texas lead the way in the U.S. solar market with other states looking to get more in the mix.