Energy, economic, and environmental benefits of the Solar America Initiative

Original publisher: Golden, Colo.: National Renewable Energy Laboratory, [2007] OCLC Number: (OCoLC)170925653 Subject: Solar energy -- United States. Excerpt: ... $ 3.6 billion annually based on the 10 GW of installed PV capacity. Personal income also shows a gross increase of over $ 1.1 billion annually and an additional 27,510 jobs are added due to the SAI in 2015. The low scenario results are also shown in Table 6 for 2015. Since the low scenario is based on half of the installed PV capacity ( 5 GW rather than 10 GW in 2015 ), the economic impacts are also reduced by 50 percent relative to the high scenario, with slight differences due to rounding. Table 6: Cumulative Gross O & M Impacts ( 2015 ) Total SAI Induced Cummulative Cummulative O & M Gross Impacts Direct Indirect Induced Total Installed Installed Capacity in 2015 Capacity in 2015 High Scenario Output 10.00 9.00 $ 1,399,807,000 $ 961,320,000 $ 1,301,392,000 $ 3,662,519,000 Personal Income 10.00 9.00 $ 453,592,000 $ 302,021,000 $ 407,449,000 $ 1,163,062,000 Jobs 10.00 9.00 11,860 5,980 9,670 27,510 Low Scenario Output 5.00 4.00 $ 622,136,000 $ 427,253,000 $ 578,397,000 $ 1,627,786,000 Personal Income 5.00 4.00 $ 201,596,000 $ 134,232,000 $ 181,089,000 $ 516,917,000 5.00 4.00 Jobs 5,270 2,660 4,300 12,230 Note: Table shows annual impacts in 2015 based on cumulative SAI PV installations. The gross economic impacts resulting from the SAI R & D funding are shown in Table 7 and are based on the annual funding of $ 148 million. Of this budget, 50 percent is assumed to go to private research entities in the U.S. Funding is assumed to be constant between the high and low scenarios. The spending on solar R & D through the SAI results in a gross increase in economic output of $ 235 million with personal income increasing by $ 101 million. The R & D funding also results in a gross increase of 1,780 jobs. Table 7: Annual Gross R & D Impacts ( 2015 ) Annual R & D Direct Indirect Induc...