How can solar panels help boost an economy?



  1. 0 Votes

    The implementation of any form of renewable energy in a new market helps to boost the economy by creating jobs and training. Workers who may previously have found themselves unemployed because of their expertise in industries that are no longer in production, or that have shifted overseas due to rising local costs, can learn new skills that will get them back into the job market and help to keep them there. This helps reduce unemployment.

    In addition, although the initial expense of installing renewable energy forms like solar power can be very expensive, with tax breaks and incentives and the energy savings that occur once renewable energy is used as a primary energy source, the local economy will be boosted because consumers will not be spending as much money on bills and have more money to spend in local businesses.

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