Iowa Lawmakers See Tax Credits Opening Wider Door For Solar

While solar advocates didn’t get everything they wanted in the Iowa legislature this year, a nearly-unanimous vote to triple the state’s tax-credit fund for rooftop installations is expected to have a major impact.

Provided the bill is signed by Gov. Terry Branstad, it also could be a prelude to bigger developments next year, according to two lawmakers.

“I think this will give an enormous boost to an already rapidly-growing solar industry,” said Sen. Rob Hogg, one of the measure’s sponsors. Increasing the available tax credits “will allow us to keep up with the growth and boost it further.”

In addition to tripling the available tax-credit funds from $1.5 million to $4.5 million annually, the measure increases the maximum credit. For residential projects, the cap has been hiked from $3,000 to $5,000. For commercial projects, it’s been increased from $15,000 to $20,000. The law also enhances the total allowable claim from the current 50 percent of the federal solar tax credit to 60 percent of it.

Hogg thinks perhaps the bill’s most potent provision is the one allowing businesses with multiple locations — like retail chains, for example — to receive a separate tax credit for each facility. Businesses are the leaders in adopting solar in Iowa, according to Hogg, and allowing them to apply for a separate credit for each location puts a whole new spin on investing in solar energy.

“A lot of businesses have taken advantage of solar energy,” he said. “It’s being spread through the business community.” With the possibility of a $20,000 credit for each location with a solar installation, he said, “The day is coming when it will be the norm to put solar into a business project. I think we’re getting very close to that point.”

State Sen. Joe Bolkcom, who also advocated for the tax-credit expansion, expects “a lot more projects to be deployed” as a result. “There’s been a lot of interest in the credit.”

In fact, applications for the credit in 2013 far exceeded the $1.5 million available. A revenue department spokeswoman said that as of April 15, applications for about $755,000 in state tax credits were on a “waiting list” because last year’s $1.5 million pool was exhausted. Once the governor signs the bill, the agency will have the funds to resume processing those.

Bolkcom said he’s confident Gov. Branstad will sign the bill.

“He told advocates at a recent forum that if it got to his desk, he would sign it,” Bolkcom said

‘Keep the momentum going’

If the bill becomes law, installers generally expect the expanded benefits to add fuel to the solar fire.

“It will help keep the momentum going on solar,” said Roger Garde, who sells and installs solar systems in southeast Iowa. “People ran into the cap last year. Businesses maxed out and some homeowners did too. There were people who would have put in a bigger system, but they stopped because they ran into the rebate limit.”

People who run businesses out of their homes, and farmers – many of whom power their farm operations and homes on one residential meter – would gain from a higher cap, Garde said.

Michelle Wei, a solar installer based in Des Moines, predicted that more generous tax benefits “will definitely give some push to solar.” In particular, because of the $5,000 increase in the commercial solar cap, she believes that “on the commercial side it will pick up.”

Mike Haman isn’t so convinced. As the industrial program manager of the Iowa Energy Center, he closely monitors solar installations statewide. Lately, they’ve been concentrated in the part of Iowa served by Alliant Energy, which offered an extremely generous solar benefit last year. The Iowa Utilities Board allowed the company to terminate it last Dec. 31.

After those projects are completed later this year, Haman said, “I’d expect the activity will start to decline. If I saw more of a balance between MidAmerican [territory] and Alliant [territory], my conclusion would be different.”

Alliant’s solar rebates typically ranged between $7,000 and $10,000, Haman said. Even with state tax credits boosted to $5,000, he said, solar is now much less profitable for customers of Alliant without the rebates.

The flip side of that, Hogg pointed out, is that only about one-quarter of Iowans get their electricity from Alliant. So for the other three-fourths of the state’s electric customers, this expanded tax credit will be a gain.

‘Next year we’ll be back’

Hogg and Bolkcom expect to see more solar policy advancements during the 2015 legislative session. Given the overwhelming and bipartisan support for the tax credit bill – 46 to 0 in the Senate, and 90 to 4 in the House – Hogg thinks there’ll be support for more solar moves next year.

“Next year we’ll be back addressing the regulatory framework for solar,” he predicted. “The utilities need to find a way to make solar work for their customers.”

He’s spoken to the state’s major utilities, and believes they “are ready to embrace solar.”

Bolkcom, too, expects some further developments next year.

“We have some interim work to do, to see what it might look like,” he said. “There’s going to be some effort by utilities and advocates on how we can work together on building a renewables agenda.”

Hogg thinks that history could provide a way forward. About a decade ago, he said, wind was at the stage of development that solar is now. The legislature passed laws permitting utilities to own wind farms, and allowing for major changes in the way rates are set. As a result, he said, wind energy took off. It now generates about 27 percent of the power produced in Iowa.

“We made that work for everybody,” he said. “I think we can make solar work for everybody.”

Legislation Would Give Solar Power a Boost in Iowa

midwestenergynewsSolar energy, already on a roll in Iowa, could get another boost from three bills under consideration in the state legislature.

One bill, introduced on Wednesday, requires Iowa’s major investor-owned utilities to install 105 megawatts of solar power by the end of 2020, among other provisions.

Another would appropriate $18 million to the state’s three major universities, requiring each of them to install at least two megawatts of solar capacity by June 2017.

A third bill would double the money in the state’s tax credit fund for solar or other renewable energy systems. The fund was created in 2012 with $1.5 million in tax credits to be made available each year. Iowans collected about $620,000 in 2012, and claimed the full $1.5 million in 2013.

In fact, 94 applications in 2013 came in after the fund was depleted for the year, according to an Iowa Department of Revenue spokeswoman, and will be the first applications processed in 2014.

“I’d like to make sure all the projects applied for in 2014 get funded,” said state Sen. Rob Hogg.

At $1.5 million per year, state Sen. Joe Bolkcom said the fund “is still pretty meager. We’re going to try to make it more robust.”

He believes an expansion of the tax credit has a good shot at passing, considering the widespread – and bipartisan – support when it was initially approved in 2012. It passed on votes of 45 to 1 in the Senate and 82 to 14 in the House of Representatives.

“I’m hopeful we can make the case for job creation,” he said. “Like a lot of things in the energy sector, we provide incentives to get them going, so people can see the promise of solar.”

Read more at Midwest Energy News

 

In the Midwest, farmers leading the way on solar power

Solar installations have been taking off in many areas of the Midwest, but perhaps nowhere more so than in farm country.

“It’s a huge buzz now throughout the agriculture industry,” said Todd Miller, sales director for CB Solar in Ankeny, Iowa.

In Washington County, Iowa, for example, farmers with access to an unusual and lucrative combination of federal, state and utility incentives were anticipating payback periods of as little as two years, according to Ed Raber, director of the county’s economic development corporation.

Consequently, he said, “There are more solar panels in Washington County than in any other county in Iowa.”

The heat in Washington County, just south of Iowa City, has dissipated a bit, largely because the local utility – Alliant Energy – terminated its subsidy as of Dec. 31. However, solar panels continue to make inroads on farms in Iowa and elsewhere in the Midwest.

‘A ripple effect’

In Ohio, EcoJiva Solar has seen growing interest from farmers since its founding six years ago, according to sales director Jess Ennis. Of the more than 100 systems the company has installed, he said, the vast majority have been on farms.

At the outset, the company envisioned bringing solar energy to manufacturers, he said, but they were too financially squeezed for a big capital investment. Agriculture, on the other hand, was thriving – and quite receptive to the idea of going solar.

Take, for example, the panels that EcoJiva installed on a farm outside of Huron, Ohio.

“Within several months,” Ennis said, “we developed three systems north and south of there. Within a three-mile stretch of road, we now have four systems.

“Generally speaking, when we install a system, it creates a ripple effect.”

Minnesota installer Curt Shellum also has found that, in farm country, solar arrays tend to breed more solar arrays.

“You get systems out there, people see them and drop by,” he said. In the agricultural region of southeast Minnesota, where he does most of his work, Shellum said, demand among farmers “is definitely growing for us. We’ve done maybe a dozen installs. In the last month, we’ve done enough farm proposals to equal the number of kilowatts we installed last year.”

In Illinois, solar developer Michelle Marley agrees that word of mouth is important.

“It’s just now starting to get a foothold,” she said. “The greatest obstacle is getting the word out.”

A long-term investment

Solar panels are a natural fit on a farm, a few installers observed. Shellum said that, for several reasons, they’re his “favorite type of installation.”

For one, farms tend to use a lot of power, with monthly electric bills sometimes running into the thousands of dollars. They need electricity to run fans, to heat and cool barns for dairy cows, to cool milk and produce, to dry grain and move it around.

Many farms also have barns with roofs that lend themselves to holding up solar panels. And if there’s not a suitable roof, there’s usually plenty of space for a freestanding array.

In addition, farmers are accustomed to thinking long-term and investing in their business. Many of them have maintained the farm in their family for generations, and expect it to continue as a family-owned enterprise that will reap the benefits of investment in solar energy for decades to come.

And they tend to be an independent lot who like the prospect of producing their own power.

Like Tim Ridgely, who grows corn, soybeans and wheat along with his son in central Illinois. In 2012, the Ridgelys put up a 17 kilowatt system in a field by their house and cut the electricity bill by about 40 percent, according to Tim Ridgely. Then, in 2013, they added 22 kilowatts, at a cost of 59 cents per watt after accounting for all credits, grants and subsidies they received.

Although he won’t have the full picture until next summer, Ridgely said, “We hope to be close to self-sufficient.”

Phil Rich had five systems totaling 110 kilowatts installed last spring on his farm in Washington County, Iowa. He’d purchased some used wind turbines earlier, and found they were costly and not as productive as he’d anticipated. His solar panels have been quite a different story.

“My last electric bill – and I did a lot of welding – was $600,” he said a couple months ago. “And normally it would be around $1,500 to $2,000.”

Subsidies a key factor

Michelle Wei, the installer who put panels up at Phil Rich’s farm and at numerous others in Washington and Henry counties, said many of her customers tried wind energy, and then opted to try solar.

Regardless of the technology, she said, “farmers are really interested in renewable energy.”

“We try to do things that are environmentally friendly,” said Linda Gent, who had three systems totaling 96 kilowatts installed on her house and two hog units in Wellman, Iowa. But there’s no denying that subsidies played into her decision to go ahead, she said.

Alliant Energy’s benefit covered about 25 percent of the cost, she said. State and federal tax credits lightened the burden on her even further. Many Midwestern farmers also have tapped into the a USDA grant (Rural Energy for American Program) that can cover up to 25 percent of a project’s cost.

“When you put it all together, it makes great financial sense,” said Illinois developer Marley.

Without quite so much financial encouragement, Gent said, “We would have had to give it more thought.”

Solar Energy For The Farm?

Original source: Farm Industry News

High up-front costs have steered many farmers away from investing in their own solar or wind energy plant.  But that scenario is changing with the rise in energy prices and a concurrent drop in material costs for installing a solar or wind plant.

“In the last four or five years, the cost of solar systems has actually been cut in half,” says Mark Olinyk, president of Harvest Energy Solutions, a Midwest energy distributor specializing in the farm market. “The technology is getting better, and the solar panels are much more efficient.”

 

Growing trend

Solar and wind are the two most common forms of renewable energy in the U.S. But Harvest Energy Solutions says sales of solar have dramatically surpassed wind over the last couple of years. The company says the current trend across all states is leaning toward solar because the entire solar installation is getting cheaper.

With wind, Olinyk says the cost of your investment is basically the price of steel, magnets and copper used to construct the turbine, none of which has come down in price.

The company installs 10kW (solar) systems or larger. A typical system costs anywhere from $3 to $3.50 per watt, which means a 10kW array would cost about $35,000. That size of an array can power an average house. The energy, or kilowatt-hours produced, is typically used first, and the additional energy created and not immediately used is fed into the utility grid and stored there to provide a backup supply of energy when needed.

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Incentives to act

Many farmers could justify getting an alternative energy system, especially with the number of incentive programs available. For example, the federal government is offering a 30% income tax credit to those buying a solar or wind installation for a home or business. This tax credit will be in effect for installations until Dec. 31, 2016. Additional national incentives and available rebates are listed at energy.gov/savings.

Local utility companies offer their own incentive programs. “Biggest thing we are seeing is that every utility company in the country has different incentives,” Olinyk says. “Part of what we do is to work with the utility companies for you to find out what incentive programs are available and which ones work best for you.”

“We have literally installed solar arrays on farms where the farmer has all of his investment returned to him after one tax cycle. This doesn’t happen all of the time, but it does happen.”

Olinyk says farmers in the Midwest should consider both solar and wind systems when calculating payback. “In some regions of the country, a wind turbine may be the better option.”

“We do site assessments for every potential customer. We will compare the costs of wind and solar, measure the projected energy output, and determine the [return on investment] for each one. And we give you a conservative estimate on the returns.”

For more information, visit harvest harvestenergysolutions.com.

Iowa Nearly Hits $1.5 Million Cap on Solar Energy Tax Credits

Solarfield

Businesses received 97 solar energy tax credits in 2013 worth $987,830

Original source: The Gazette

Iowa awarded $1.36 million worth of tax credits to individuals and businesses in 2013 for installing solar energy panels and related equipment, almost hitting the annual cap of $1.5 million for the green energy tax breaks.

The Iowa Department of Revenue, in an annual report released Thursday, reported it awarded 264 tax credits for solar energy systems through Dec. 27. The agency said that number could still grow as not all applications received in 2013 were processed at the time of the report’s release.

The solar energy credits awarded in 2013 were substantially more than the $621,100 awarded in 2012.

The Department of Revenue, in its forecast of potential future tax credit liabilities, expects $817,403 worth of solar energy tax credits in fiscal year 2014, $1.3 million in FY 2015, $1.4 million in FY 2016 and $1.5 million in FY 2017 before the total falls below $1 million in FY 2018.

Iowa businesses received 97 of the solar energy tax credits in the last year worth $987,830. The other 167 credits were given to individuals for a total of $368,329.

Companies on average were awarded $10,184 for each tax credit, while individuals on average were awarded $2,206 for each credit.

Iowa’s solar energy tax credit was was enacted in May 2012, but was retroactive to solar energy systems placed in service on or after Jan. 1, 2012.

The Iowa tax credit for individuals cannot exceed $3,000. The tax credit for a corporation cannot exceed $15,000.

U.S. Will Top Germany In Solar Installation For The First Time In 15 Years

The third quarter of 2013 was another big one for the U.S. solar industry. 930 megawatts of solar photovoltaics (PV) were installed across the country — the second largest quarter in the industry’s history — and it was the largest quarter ever for residential PV installations.

TopGermany

As the solar industry continues its remarkable growth, “2013 is likely to be the first time in more than 15 years that the U.S. installs more solar capacity than world leader Germany,” according to GTM Research and the Solar Energy Industries Association.

By the end of the year, more than 400,000 solar projects will be operating across the U.S. and installations will have grown 27 percent over 2012, with a 52 percent growth rate in the residential sector alone, according to GTM’s forecast.

Read more at ClimateProgress

Federal Energy Regulatory Commission (FERC) Chair Jon Wellinghoff: Solar ‘Is Going to Overtake Everything’

One of the country’s top regulators explains why he is so bullish on solar.

HERMAN K. TRABISH: AUGUST 21, 2013

If anybody doubts that federal energy regulators are aware of the rapidly changing electricity landscape, they should talk to Jon Wellinghoff, chairman of the Federal Energy Regulatory Commission (FERC).

“Solar is growing so fast it is going to overtake everything,” Wellinghoff told GTM last week in a sideline conversation at the National Clean Energy Summit in Las Vegas.

If a single drop of water on the pitcher’s mound at Dodger Stadium is doubled every minute, Wellinghoff said, a person chained to the highest seat would be in danger of drowning in an hour.

“That’s what is happening in solar. It could double every two years,” he said.

Indeed, as GTM Research’s MJ Shiao recently pointed out, in the next 2 1/2 years the U.S. will double its entire cumulative capacity of distributed solar — repeating in the span of a few short years what it originally took four decades to deploy.

Chart: GTM Research/SEIA U.S. Solar Market Insight

Geothermal, wind, and other resources will supplement solar, Wellinghoff said. “But at its present growth rate, solar will overtake wind in about ten years. It is going to be the dominant player. Everybody’s roof is out there.”

And those other resources have not seen declining prices like solar has. “Solar PV is $0.70 or $0.80 per watt to manufacture. Residential rooftop is $4 to $5 per watt. But they are going to drive that down to $2 and then to $1 per watt.”

Advanced storage technologies also promise lower costs, he said. “Once it is more cost-effective to build solar with storage than to build a combustion turbine or wind for power at night, that is ‘game over.’ At that point, it will be all about consumer-driven markets.”

Wellinghoff was a consumer advocate early in his career and has not changed sides. “Even though the FERC oversees wholesale markets, utilities, and other jurisdictional entities at the wholesale level, the consumer needs to be our major concern,” he said.

If FERC does not ensure the grid is ready to integrate the growing marketplace demand for distributed solar and other distributed resources, Wellinghoff said, “We are going to have problems with grid reliability and overall grid costs.”

Transmission infrastructure will be able to keep up with solar growth. The big changes will be at the distribution level where FERC has less influence, he explained. But the commission has been examining the costs and benefits of distributed generation (DG) in wholesale markets.

“Rate structures need to be formulated in ways that fully recognize the costs and benefits of distributed resources,” Wellinghoff said. “In many utility retail rates, a disproportionate amount of the fixed costs are recovered through a variable rate. That is problematic when a lot of people go to distributed generation.”

The net metering controversy this has caused at utilities like Xcel and Arizona Public Service, he said, can only be resolved by “the fully allocated, fully analyzed cost and benefit study of distributed resources.”

There is value in distributed solar, Wellinghoff said, “that can be captured and realized by the distribution utility that is not being paid to PV system owners because they have not been analyzed, quantified, and monetized.”

The Crossborder Energy study in California concluded the benefits of DG are near retail rates, he noted. “If utilities say that study is wrong, let’s get their studies and the studies from the solar side, and let’s have a hearing, let’s have full discovery, and let’s have a fully litigated process. That’s what regulatory commissions at the federal and state levels are for, to put all that data on the table and see what the accurate answers are.”

FERC isn’t involved in that process because it is a retail rate issue, Wellinghoff explained. “But DG and distributed solar can be wholesale grid resources if a wholesale grid operator can access those resources and have some control over them. What FERC has to do is ensure these distributed systems get recognized and compensated and integrated into the wholesale grid.”

If he was put in charge of updating the retail utility business model and pushing it to incorporate DG, Wellinghoff said, he would introduce more competition.

“I would unbundle utility services,” he said. “I would do a full analysis of anything not now competitive, like the distribution system, and then try to ensure I could recover costs in a way that adequately reflected all costs and benefits for all users.”

The sales of retail energy, capacity, and ancillary services should all be competitive and coupled with the wholesale grid, he said.

“Consumers should have access to and be able to respond to five-minute wholesale prices. They should have the opportunity — not the requirement, but the opportunity — to respond to those prices and modify their loads and usages to lower their energy costs. The result would be an optimized use of the grid.”

Watch Wellinghoff answer a caller’s question about distributed solar:

Tags: capacity, competition, consumer-driven markets, distributed generation, distributed solar, federal energy regulatory commission, ferc, jon wellinghoff, net metering, utilities,wholesale markets

Harvest Energy Solutions – 2013 Top 250 Solar Contractors

Harvest Energy Solutions, EcoWise Power’s premier solar PV installation partner in Iowa, has been named to the Solar Power World list of 2013 Top 250 Solar Contractors in the United States.

Harvest Energy is currently ranked number 172.

About Harvest

Harvest Energy Solutions is proud to serve agribusiness customers in your local area. We want to thank our customers for making us the fastest growing, full-service distributor, installer, and integrator of wind energy and solar PV systems in the Midwest. From product selection and site assessment to on-site installation and follow-up maintenance, we partner with our customers through the entire process. Since 2006, our goal has been to assist farmers and ranchers in becoming more sustainable, efficient and independent.

At Harvest, we leverage more than 100 years of collective commercial equipment installation experience with a renewed focus on solar photovoltaic (PV) and other renewable system designs and installations. We currently have offices in Jackson, Michigan and Almo, Kentucky with Territory Managers in Kentucky, Michigan, Iowa and Minnesota. In addition we have numerous Harvest representatives in states throughout the Midwest. The Harvest team has a history of over 4MW of designed & installed solar PV systems, with over a megawatt of installs in the last few months. Many of these are right in your area.

Recently we have expanded our staff to include a NABCEP (North American Board of Certified Energy Practitioners) installer. NABCEP is the gold standard for PV installation certification and typically required for sophisticated PV installations. We also have on a full-time licensed Master Electrician on staff to ensure that all work meets or exceeds NEC electrical and safety codes, and complies with all federal, state and local building codes, requirements and regulations.

Our premium line of products provide best-in-class performance and allows us the flexibility to offer customized renewable resources that best fit your specific needs while leaving options open for future expansion at your site. At Harvest, we have experience with the sometimes-tedious process involved with getting your renewable system online, and assure you that from the first conversation through project completion, we will manage and oversee the complete process. We will become deeply involved with the local municipal authorities and your local utility company. We diligently pursue all potential grants and take on other hurdles specific to your renewable installation project. In addition, we always use our own installation and maintenance crews to ensure a quality job every time.

The future looks bright for clean energy and clean energy cost savings. Soon, Harvest will be adding more renewable and energy saving products and services to meet the needs of the agribusiness industry. If you’d like to learn more give us a call or drop us an email. You will be pleasantly surprised how affordable a Harvest renewable energy system can be… and at the same time how proud your family and friends will feel by your decision. At Harvest, we, like you, look at the long term benefits of clean energy. Our team is looking forward to hearing from you soon.

Solar Power’s Growth in Iowa

IA Energy Center

Iowa Energy Center’s Alternate Energy Revolving Loan Program

According to Bill Haman, Iowa Energy Center’s Alternate Energy Revolving Loan Program (AERLP) manager, solar power is growing at a record pace around the world and Iowans are joining the bandwagon, especially on the eastern side of the state, while the western side is showing little interest. Mr. Haman sees this as odd, as Western Iowa is actually a “slightly better” location for solar power than Eastern Iowa. He explained that solar power is best in the extreme southwestern corner of the state and that it diminishes the further northeast you move.

Mr. Haman said there’s no time like the present to go solar if your surroundings meet the requirements because the price is lower than ever: “It’s low enough that it’s extremely competitive with any other alternative a homeowner may chose to explore…That compounded with federal and state incentives that are available makes it a very appealing opportunity if your residence is set up for it.”

When it comes to installation, according to Haman, the process is actually quite simple. Solar panels need to face south and be mounted on a rooftop in an urban setting, due to large trees or surrounding homes potentially casting shadows on the panels. A solar inverter needs to be installed to convert power for use as well. Since solar systems usually do not have any moving parts, they require little to no maintenance.

Those looking to install such a system need to work with a building inspector, secure the proper permits, submit an application to their local utility company, and should install energy efficient appliances, lights and insulation for maximum efficiency.

Read the full story from Sioux City Journal.

Five Benefits of Solar Energy

Original Source: The Energy Collective

Although some form of solar power has been available for decades, the technology has only recently gained mainstream acceptance and attracted the interest of big-time utility companies. On a per-kilowatt basis, solar power remains expensive relative to conventional sources of energy like coal and natural gas. Nevertheless, its overall cost continues to shrink at a rapid rate. As solar power becomes an increasingly important component of the country’s “energy mix,” it’s worth taking a look at five major benefits of solar power.

1. Changing Relationships with Public Utilities

Homeowners and business owners who install solar panels on their property enjoy more equitable relationships with their local utilities. Whereas conventional arrangements between utilities and their customers require the latter to be wholly dependent on the former, solar power users gain a measure of independence from their utilities. Even if their solar panels don’t produce all of the power that they need on a daily basis, they’ll need to buy less conventional power. If they produce more power than they require, their utilities may actually pay them for it at a fluctuating wholesale rate. For cash-strapped homeowners, this can turn into a significant source of revenue.

2. Healthy Financial Incentives

Along with various state agencies, the federal government offers attractive subsidies for private individuals who install solar panels or solar heating devices in their homes. In certain jurisdictions, generous subsidies may be available for businesses as well. Generally speaking, these incentives allow solar power users to claim tax credits in proportion to the amount of generation capacity that they install on their property. This reduces solar power start-up costs and increases the profitability of the technology.

3. Minimal Environmental Impact

Although the production of solar panels does require some inputs of raw materials and energy, solar power’s environmental impact is minimal. The technology produces none of the carbon, methane or particulate emissions that fossil fuels emit, and it doesn’t demand large-scale mining or drilling operations. Since panel arrays can be placed on rooftops or in isolated desert areas, solar power’s physical footprint is manageable as well.

4. Labor-Intensive Production Regimes

The solar power industry’s “innovation engine” has resulted in the creation of tens of thousands of jobs in the last decade alone. Although proponents of conventional energy technologies argue that the solar industry destroys more fossil fuel-related jobs than it creates, this is a misleading claim. After all, solar panel production is just a small facet of an overall industry that demands contributions from installation technicians, salespeople, battery-storage designers and other key players.

5. Geopolitical Benefits

Since the dawn of the fossil fuel age, the United States’ reliance on unstable or hostile countries to supply oil, gas and other energy resources has caused plenty of trouble. Indeed, the country’s political and business leaders are often forced to make unsavory compromises with shady or dangerous parties in order to guarantee steady energy imports. Since all of the solar power that the United States needs can be generated within the country’s own borders, the technology has the potential to eliminate this less-than-ideal reliance on imperfect actors. In the long run, such a development could increase the economic and physical security of every American citizen.

fivereasons

Photo Credit: Solar Energy Benefits/shutterstock

Putting Things in Perspective

Solar power shouldn’t be mistaken for a cure-all that’s capable of single-handedly solving all of the world’s social, environmental and political ills. However, it’s a valuable technology that’s increasingly competitive with traditional sources of energy. Moreover, its benefits are undeniable. In the future, solar power is all but assured to have a lasting and overwhelmingly positive impact on our society.