Does Renewable Energy Affect the Job Market?
Filed under: Energy News
Intersect Energy is seeing renewable energy boost the job market by adding thousands of new jobs across the country.
The job market in the U.S. has suffered instability for a substantial amount of time. Even though we have seen the employment rates increase in the previous four years, there is still a great need for higher paying jobs and full-time work.
Job Creation and Renewable Energy
Intersect Energy specializes in consulting and development services of distributed energy resources (DER). We see the jobs the development of renewable energy systems is directly and indirectly creating. According to an article on fortune.com, renewable energy is creating jobs about 12 times faster than the rest of the economy. This is particularly accurate with the wind and solar industries, as the Environmental Defense Fund’s (EDF) Climate Corps Program says that the solar and wind jobs have grown about 20 percent annually in recent years.
According to usnews.com, the US wind and solar industries successfully employ over 300,000 people. The solar sector contains 209,000 workers, while wind industry has created over 88,000 new jobs. These numbers clearly prove that renewable energy has the capacity to add an abundant supply of new work.
Intersect Energy Helps Improve the Job Market
At Intersect Energy, we are involved in energy projects that create jobs and sustainable savings for decades. These are micro infrastructure projects that employ skilled laborers to build each DER system. The money saved on energy costs are reallocated by local businesses on new hires or capital infrastructure for expansion. In the case of DERs that involve Public and Government entities, in addition to the benefits of employment and capital projects, you see savings in a reduction in the need to new taxes to support those institutions.
Renewable energy is having a positive effect on the job market in early 2018, even with the increased tariffs on imported solar panels. We are witnessing a shift from fossil fuels to renewable energy in the job market. This is not only good for the environment and stability in the domestic energy market, but will prove to be a monumental stepping stone for many unemployed Americans in the next several years.
Intersect Energy is your source for renewable energy news and services regarding alternative energy on-site energy generation, energy reduction techniques, and government incentives and grants. For more information, contact us here!