The social and economic impact of solar energy

The decision to utilize solar energy has always been one to protect our beautiful planet, but equally a decision about economics and utility cost savings. Solar energy consumers have found their utility bills reduced, cut in half, or entirely eliminated.

2016 was a record breaking year as the United States doubled its solar capacity from 2015. Total solar capacity in the U.S. is expected to triple over the next five years.

 

Energy infrastructure is changing on a global level

  • In every year but one since 2006, the world has added more solar capacity than it did the previous year.
  • The renewable energy sector employed 9.8 million people in 2016, with solar jobs accounting for 3.1 million.
  • Solar energy comprised 47% of new renewable energy capacity in 2016.

Source: Renewables 2017 Global Status Report

Global Solar Capacity