In the past, solar energy cost several times that of coal or oil in generating electricity – giving solar a poor perception and explaining its slow acceptance even with state subsidies and fed tax credit. All that is changing now as explained below. This book is about generating 7,500,000 new...
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In the past, solar energy cost several times that of coal or oil in generating electricity – giving solar a poor perception and explaining its slow acceptance even with state subsidies and fed tax credit. All that is changing now as explained below. This book is about generating 7,500,000 new jobs this decade for USA. That reduces unemployment from 8% to 4.5% - a national objective. But, how? One answer: New solar generation rooftops plus creative financing plus spend electricity savings plus employment multipliers (an economic term). And, this without fed or state subsidy. More specifically: (1) Solar 2nd generation, thin-film, non-silicone solar, (about 1/2 the cost per watt of relatively expensive, 1st generation silicon solar). (2) New PACE-derivative and other financing with no down payment, and some financed from County bonds and paid back in taxes over 20 years. Collectively, the two develop 1,400,000 solar-related jobs before the end of the decade. By late 2010s, these solar rooftop installations save home and building owners $0.51 trillion/year in electricity. (3) With 50% of the above savings spent back into the economy, 6,100,000 new jobs, mostly non-solar, are generated. Thus, from the confluence of all three above sources, new jobs total about 7,500,000. But, not all states share proportionally. States whose Solatel scores above the median will perform with still more jobs. States below the median will become more challenging. However, Moore's law for solar-cell development and mass production, significantly continue to reduce all solar costs for all states. (A Solatel state viability score for each state is the weighted product of mid-state location latitude cosine, percent of bright days per year, and electric utility rates. The scores range over a 3.5:1 ratio, a significant spread). Nationally, the electric utilities slowly replace some of their “potential loss” of the $0.51 trillion/year with new sales to service the 15,000,000 electric vehicles on the road by 2020 with hundreds of thousands of battery charging stations ubiquitously located. It may take a few decades before the entire solar rooftop loss in revenue is absorbed by increases in electric vehicles and other sources. This is further offset by benefiting from ownership of many new solar rooftop installations. Foreign oil needs and air pollution are further reduced to benefit all, including environmentalists, provided US manufacturers the solar parts and does not import them. This unfolding story in this book acts as a catalyst or roll model for several options presented. Enjoy reading, have fun learn a lot, and make money. For those who are now or who may become concerned about the Electromagnetic Pulse (EMP) and solar flare threats to the susceptibility of electrical systems, electronics, the electric power grid and solar rooftops, Don White, CEO, of Renewable Energy Creations, has written and published these in new books in 2013 and 2014. These books of EMP protection techniques, methodology and ways and means on our web sites at www.emp-safeguard.com, and via Amazon, Barnes and Noble, and other outlets
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