Wednesday, April 28, 2010

Photovoltaic Systems

sunset

Three universities of the USA have conducted studies related to renewable sources of energy and it has produced some interesting facts. The first and most important one is that renewable energy policies will lead to employment opportunities. Secondly, it will increase the consumer’s income and finally, it will have positive effect on the US economy too. The study Clean Energy & Climate Policy for U.S. Growth and Job Creation: An Economic Assessment of the American Clean Energy & Security Act and the Clean Energy Jobs & American Power Act presents quite an encouraging estimate. According to them as many as 1.9 million new jobs could be created across the United States within the renewable energy sphere. It would also account for an increase in annual household income by US$1,175 per year (Higher in Hawaii), and Gross Domestic Product could register a rise of US $111 billion by 2020.

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