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How Solar Energy Can Help the Economy

One of the many benefits of solar power is that the industry has the potential to help boost the economy. But how exactly could this happen, and what is the reasoning behind this statement?

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Solar Creates Jobs

A demand for solar power means that more materials will need to be manufactured, and more systems will need to be designed and installed. These tasks all require skilled and specially trained employees, which means that higher demand for solar power will lead to job growth in the renewable energy sector. In fact, various news sources have recently reported that job growth in the solar energy industry has outpaced the overall growth rate.

Solar Power Reduces Energy Dependence

A buzzword in the recent election was “energy independence”. The sun belongs to no one, and its energy is present everywhere. The sun cannot be taxed or tariffed, and once your solar panels are installed, there are no price fluctuations or negotiations about the cost of fuel. Solar energy is not owned or supplied by any entity in particular. Therefore, using the sun to our advantage is a step toward energy independence.

Solar Power Saves Money

No one enjoys paying bills, and your electric bill is probably a large expense. The cost of heating and cooling your home will make up the largest portion of your energy bill, and, depending on how energy efficient your home may be, the heating or cooling system may be running most of the time. These necessary expenses add up quickly, and that means that homeowners have less of their hard earned money to spend on other goods and services, because it must be paid to to gas and electric companies.

Solar power can free up more spending money, because it can significantly reduce or eliminate an electric bill. This means that homeowners that choose solar will have more money to spend, instead of being tied to rising electricity rates. Just imagine how much money could be saved by homeowners with a home solar system, and an electric vehicle!