Archive for March, 2010

Need for Photovoltaic Installations can Create Jobs

A new report released late last year indicates climate change as a leading net job creator for the U.S. economy. According to the report, the burgeoning need for renewable energy and energy efficiency is creating a flood of deployment towards the goal of creating up to 4.5 million new U.S. jobs by 2030.

The ultimate aim is to reduce greenhouse gas emission in an amount necessary to actually tackle climate change. Among the six possibilities to work towards this goal are photovoltaic solar installations, which is already a booming market in pales like New Jersey.

The report entitled, Estimating the Jobs Impact of Tackling Climate Change, was released by the nonprofit American Solar Energy Society (ASES) based in Boulder and Management Information Services, Inc. (MISI) based in Washington, D.C.

According to the report, renewable energy and energy efficiency deployment costs would be offset by savings from lower energy bills. The report states:

Tackling Climate Change initiative differ dramatically among technologies and over time.  For example, in 2020, energy efficiency has net savings of $85 billion, and all of the  renewable energy technologies except for biofuels have net costs. By 2030, energy efficiency’s savings attributable to the initiative have declined to $17 billion, and all of the RE technologies except wind and biofuels have net costs.

In early 2009, we projected this 2007 data to 2030 under three scenarios—
base case, moderate incentives, and an aggressive scenario
involving a national sustained commitment to a green economy. In the
aggressive scenario, we forecast that by 2030, industry sales could
reach $4.3 trillion, and the EE&RE industry could be an economic
driver responsible for nearly 37 million jobs—about 17 percent of the
2030 American workforce.

Brad Collins, ASES’ Executive Director, said “The twin challenges of climate change and economic stagnation can be solved by the same action—broad, aggressive, sustained deployment of renewable energy and energy efficiency -the solution for one is the solution for the other.”

The jobs created would not be limited to certain regions or sectors, but would be widely dispersed throughout virtually all industries and occupations in the US, including the professions of electricians, plumbers, carpenters, administrative assistants, machinists, cashiers, management analysts, civil engineers, and sheet metal workers.

The report also claims that 57% of carbon emissions reductions would be from energy efficiency and 43% would be from renewable energy, such as solar PV systems and wind power installations. Specifically, the report reveals that ‘The greatest numbers of renewable energy jobs are generated by solar photovoltaics, biofuels, biomass, and concentrating solar power sectors.’ The report assessed six renewable energy technologies: concentrating solar power, photovoltaics, wind power, biomass, biofuels, and geothermal power.

PV installations are now subsidized by state and federal funding, grants, and rebates to allow nearly anyone to reduce emissions, save on power costs, and contribute to the Climate Change effort.

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So… How can PV / Solar Power Help My Business?

Good question. Let’s have a story, shall we? This actually happened, not too long ago, and describes exactly how a photovoltaic system can bring you cost savings and even turn into a way to bring profits to your business!

The Story of How a Business Stopped Paying for Electricity

…and Started Getting Paid Instead:

Once upon a time, in the city of Lakewood, New Jersey, a business owner was tired of paying stratospheric costs for electricity to light and heat his building. He researched different ways to save on power costs, and finally discovered photovoltaic systems for businesses and decided to give it a try…

The up front cost was a little intimidating at first, but the business owner was delighted to find out that not only would the state of New Jersey support his decision with generous rebates to offset the system price tag, the federal government was willing to help subsidize the cost of installation with grant.

Now the business owner happily watches the electric bill plummet to less than 35% of it’s normal level, while the PV system racks up SRECs – certificates he can sell for over $600 each! The system he installed at his Lakewood business will be completely paid off in four years – but will operate efficiently for twenty or more, and continue earning SRECs each year for a steady revenue stream that more than offsets the company’s remaining electric bill.

This true story was made possible by Arosa Solar, a major installer of photovoltaic systems for businesses and homes in and around new Jersey for years. Shimmy Tessler, the company spokesperson commented:

“Most people have no idea how inexpensive it really is to get a system installed and running. The state of New Jersey, the federal government, they both are serious about helping people get these types of systems in place. In five years, there are going to be hundreds of people looking at their energy costs and comparing themselves to businesses who made the move now, and who are now earning money from power instead of the utility company eating their profits.”

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