Solar progress from the Virginia Clean Economy Act could create 29,500 direct solar jobs in Virginia, and tens of hundreds of oblique jobs, in accordance with a new study launched at the moment by a coalition of rooftop and shared solar corporations and advocates. The examine additionally estimates that the invoice would generate over $4.3 billion in financial funding over the following decade.
The examine, accomplished by the Virginia Commonwealth University Center for Urban and Regional Analysis, estimates the financial impression of the Virginia Clean Economy Act, which might increase distributed solar capability to 2,500 MW from the 92 MW put in at the moment. The Virginia Clean Economy Act would create a minimal of 2,000 MW of distributed solar by 2030.
Key highlights from the examine embrace:
- Expanding Virginia’s distributed solar capability to 2,500 MW would develop the Commonwealth’s solar business to just about 29,500 professionals and could generate over $4.3 billion in direct financial impacts.
- This expanded funding in distributed solar would result in an estimated 17,000 extra oblique and induced jobs, leading to over $7 billion in whole financial impression.
- This new financial exercise would generate over $1 billion in federal, state and local tax revenues.
“Expanding rooftop and shared solar could have unbelievable economic consequences for Virginia,” mentioned Rachel Smucker, the Virginia coverage and improvement supervisor for the Maryland Delaware Virginia Solar Energy Industries Association (MDV-SEIA). “This study reveals how the Virginia Clean Economy Act will spur the creation of tens of thousands of jobs and billions in new investment, contributing to the long-term growth of our economy.”
“Virginia has the opportunity to create a new model for equitable and responsible clean energy growth in the Southeast,” mentioned Maggie Clark, senior supervisor of Southeast state affairs on the Solar Energy Industries Association (SEIA). “The study shows us that the Virginia Clean Economy Act will improve solar energy access for all Virginians while also creating thousands of jobs and spurring billions in private investment. We hope Commonwealth leaders see this opportunity and lead the way for other states in the region.”
“Rooftop and shared solar are the backbone of the Virginia Clean Economy Act, the key word being “economy,” mentioned Karla Loeb, chair of the distributed era coverage committee for the Maryland Delaware Virginia Solar Energy Industries Association and Chief Policy & Development Officer for Sigora Solar. “This study illustrates how the Virginia Clean Economy Act will spur transformational job growth and economic development, insuring that as Virginia transitions to clean energy, away from fossil fuels, we are doing so in the most inclusive and equitable way possible.”
News merchandise from SEIA