Friday, May 25, 2012

Ut Analysis Sees Solar Job Boom By 2020, With Fewer Federal Incentives

Solar power is on track to become a major source of energy for the United States, and will likely need fewer federal incentives than other energy sources to get there, according to a new study by the University of Tennessee's Howard H. Baker Jr. Center for Public Policy.
Cars line up along Walnut Grove as traffic slowed down
during the official ceremony recently to dedicate the
Shelby Farms solar array at Shelby Farms.

The 128-page report -- "Assessment of Incentives and Employment Impacts of Solar Industry Deployment" -- touts the potential of solar power to reduce energy costs, produce hundreds of thousands of jobs and create a favorable trade balance for the country as American companies export products and materials for international clean energy markets.

The study, released last week, was commissioned by the Solar Energy Industry Association.

"This report looks at solar in relation to other energy sources and finds that solar is on the path to becoming a mainstream source of energy for our nation," Matt Murray, director of the Baker Center, said in a statement.

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