by Adam James |
The myth is that solar energy has achieved little despite huge subsidies. The reality is that solar has achieved a great deal despite relatively low subsidies.
A new report from the Baker Center for Public Policy just released a fabulous new analysis comparing incentives for solar with historical incentives for fossil fuels, including this chart:
The report, commissioned by the solar industry’s trade group, has a number of interesting conclusions:
– Solar has had relatively small subsidies. That’s right, incentives for solar have been small compared to fossil fuels
– Incentives are working. Long term, stable incentives have ‘bridged the chasm’ to get solar past early adoption stages and to market.
– The employment potential for solar is even better than anticipated. Solar can create between 200,000 and 430,000 jobs in 2020.
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