Solar Power now has more employees than either the Oil & Gas or Coal Extraction industries in the United States. The solar industry employed approximately 208,000 individuals at the end of 2015 versus 185,000+ in oil and gas, or 190,000 in coal extraction. Solar power employment is expected to grow an additional 15% in 2016 to almost 240,000 individuals. Globally, solar power now directly employs 2.8 million people as the largest renewable energy employer.
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Democrats are said to be willing to agree to a lift on the 40-year ban on US crude oil exports, if the bill includes a long-term extension of the wind and solar tax credits. The deal isn’t done, but as the industry is getting closer to the phasing out of the tax credits, which are set to fall from 30% to 10% in 2017, the industry is warning politicians about the impact of inaction. expand full story