13 Oct '11, 8pm

Solar Can Create 40,000 Jobs in 2012, Federal Incentives Need Extension

Expressing concerns that House Republicans will exploit the Solyndra bankruptcy by allowing critical solar industry incentives to expire this year, a report commissioned by the Solar Energy Industries Association (SEIA) argues how important it is to extend Treasury Department grants to add jobs to our ailing economy. SEIA wants the incentives to be extended for another year, saying it would create 37,400 jobs in 2012 and an additional 2000 MW of solar capacity by 2016, enough to power 400,000 homes. "More than 100,000 Americans work in the solar industry, double the number in 2009. Solar is a proven job creator at a time when the unemployment rate for the country remains stubbornly high," says Rhone Resch, SEIA CEO. "The 1603 Treasury Program has been the single most effective policy driving renewable energy growth during the past two years." The Section 1603 Treasury Prog...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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