Industry News & Updates
As environmental issues are coming into global notice, a strong emphasis has been placed on renewable sources of energy such as the sun and the wind. Solar energy is undoubtedly the cleanest source of power. In addition to the benefits such as reduction of carbon footprint, the solar power industry has seen an increase in employment prospects for people around the world. This trend is observed in various economies, such as the United States of America and Africa, where solar power plants have dotted the landscape hugely in the recent years.
The solar power industry has grown significantly because of technological developments that have made solar photovoltaic technology affordable. The incentives offered by the government such as the 30 percent investment tax credit (ITC) have also contributed substantially towards the growth of the solar industry in the United States of America. Growth objectives pursued by industry professionals have shot up the demand for human labor in regions where solar power dominates as a power source.
Concentrating Solar Power (CSP) plants are considered economic development machines as they create ample employment opportunities for people. According to the Solar Foundation, solar industry employment has grown by over 130 percent since 2010, with the maximum concentration of jobs in California, Massachusetts, Nevada, New York and New Jersey. An additional 202,000 jobs are projected to be created by 2025. This indicates that the future holds great employment prospects for people in the solar industry.
The solar energy plants offer better pay and more opportunities to low and middle skilled workers. The reason behind this is simple: construction, installation and operation activities in solar power plants require human labor. Moreover, the solar industry’s huge domestically-sourced components support ample jobs along the supply chain. As more and more people are using solar panels in homes and offices for meeting power requirements, the solar industry is surging faster than before in terms of sales. The solar industry also offers high-paying jobs for highly skilled professionals such managers and engineers. There is a high demand for talent in areas such as marketing, technical consulting, contract development, manufacturing, and legal and financial services.
The need to compete at a global level and promote energy efficiency has caused the industry to employ more and more people. The creation of such job opportunities proves even more beneficial for developing countries where unemployment is rampant. The industry contributes substantially to the local economy as it sets up manufacturing facilities near emerging markets. The solar industry in a few American states such as California has created a huge revenue system for exporters in the region, as half of the panels produced in-state are exported.
As the solar industry is growing at a fast pace, employment opportunities in the industry are also likely to increase in the years to come. The industry shows a promising future for skilled individuals and paves the way for economic development.
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