Georgia Solar Now Fastest Growing in US
Where do you think the fastest growing solar market in the nation is right now? Massachusetts? California? Texas?
Yes, the Peach State installed over 90 megawatts of solar in 2013. By attracting over $600 million in private clean energy investments over the last five years, it looks as though Georgia is now growing faster than other big solar states.
The Pew Charitable Trusts conducted research that found in addition to the investments, there will be another $4.4. billion generated over the next decade.
“Hydropower and biomass currently represent the largest installed capacity of clean energy technologies in the state, with 2 gigawatts and 765 megawatts, respectively, but solar power is the fastest-growing and is projected to increase by 535 percent between 2014 and 2023,” said Pew.
This means that over the next 10 years, it’s predicted that Georgia’s economy will be a solar leader. Moreover, it means stellar job growth in the industry, as the Solar Foundation estimate there’s a 225 percent increase in solar-related jobs from 2012 to 2013. It’s an astronomical jump, and the sudden growth of solar installments and jobs is in stark contrast to other Southern states like Alabama, Mississippi, and Florida.
Part of Georgia’s sudden solar growth spurt has to do with lower costs of installment and tax incentives, as well as building solar projects at army bases Fort Stewart, Fort Benning and Fort Gordon. Plus, Georgia Power’s Large-Scale Solar Initiative means installing 50 megawatts of utility solar in 2015, along with adding 525 megawatts of solar power generation by 2016 to its renewable energy portfolio.
What do you think of Georgia’s fast-tracked solar plan?
Photo Credit: Wiki Commons