Nonprofit group Clean Energy Project Nevada, along with California-based policy group Vote Solar, released a report recently suggesting solar power initiatives would bring huge economic benefits to Nevada over the next 10 years.
The report arrived as state lawmakers debated expanding the SolarGenerations rebate program that provides incentives for customers who install approved photovoltaic systems on their homes or small businesses. Expansion of that program could help push the Solar Jobs Now proposal that sets a goal of having 400 megawatts (MW) of solar power capacity by 2020 in Nevada.
Currently, Nevada has 35 MW of solar power capacity, but if the state could produce 400 MW by 2020 the energy would power 80,000 homes. Other benefits, according to the report, would include the creation of over 1,000 jobs in the next eight years, paying over $560 million in wages over the lifetime of the systems.
The nonprofits also estimate that the proposed expansion of solar projects would bring the state over $68 million in tax revenue, and produce a total economic output of goods and services equal to $1.34 billion. The full PDF report is available for download on the Vote Solar website.