This morning we released a report showing that California legislation to expand access to solar and other renewables would create thousands of local jobs and deliver significant economic benefits to the state. SB 43 (Wolk) and AB 1014 (Williams) would establish up to 1,000 megawatts (MW) of new “shared renewables” programs to allow thousands of California homes, businesses and schools to go solar without owning their own roof.
We used the recently updated Job and Economic Development Impact (JEDI) model developed by the National Renewable Energy Laboratory (NREL) to estimate that a 1,000 MW shared renewables program created by these bills would deliver the following economic benefits to the state:
• 12,700 Local Jobs. Shared renewables projects would create thousands of construction-related jobs each year, in addition to long-term operations and maintenance jobs. These are high quality local employment opportunities across a broad range of education requirements, salary levels and fields.
• $130 Million in Tax Revenues. The sales tax on renewable energy systems installed would provide much needed revenue for the state of California.
• $4.3 Billion in Total Economic Activity. Shared renewables projects would support wages, salaries and revenues that can be reinvested into the state economy, creating a significant new economic engine for California.
California leads the nation in solar power, yet a significant portion of the state’s energy consumers – including millions of residential and commercial tenants – are unable to generate their own power on-site from solar. Shared renewables arrangements overcome that barrier by allowing energy customers to subscribe to an off-site renewable energy project and get utility bill credit for their portion of the energy produced.
By connecting more Californians with the clean energy they want, shared renewable energy programs can unleash significant new private investment in the state’s growing solar economy. Add the proven environmental, public health, and energy bill saving benefits of more local clean energy, and it’s clear that this is an idea whose time has come.
Learn more about California shared renewables policy and the campaign at to support it at californiasharedrenewables.org