Economic Development
Solar Energizes Economic Growth
In 2021, the solar industry generated more than $33 billion of private investment in the American economy – even in the midst of pandemic-inhibited growth.
As of 2020, more than 230,000 Americans work in the solar energy sector, according to the National Solar Jobs Census 2020. And employment opportunities in the solar industry will continue to grow. Solar jobs will have to triple to provide the workforce needed to reach our nation’s clean energy goals.
Hecate is committed to bringing the economic benefits of solar power to the communities that host our projects. Our Blue River project will provide significant long-term value for the community, creating jobs and generating local tax revenues.
-
Economic Effects of the Changing Energy Mix in Indiana
“Renewable energy growth will make Indiana more attractive to firms and households who favor lower prices and fewer emissions… and it will generate employment growth above what we can experience with continued reliance on fossil fuels,” according to a study by the Ball State Center for Business and Economic Research.
-
Measuring the Economic Impacts of Utility-Scale Solar in Ohio
Solar projects generate jobs and tax revenues. An Ohio University study shows that solar can create as many as 54,000 jobs and annual tax revenues of over $67 million.
The Blue River solar project will create hundreds of construction jobs, along with ongoing operations and maintenance jobs once the project is built. It will produce tax revenues for local governments, schools, fire departments and rescue squads.
“IEDC’s success is vitally important in revitalizing and connecting our communities,” said Gov. Holcomb. “By strengthening our economy, reskilling our workforce, and building up and out infrastructure network, we are simultaneously enhancing our quality of place and life.”
2021: Fifth Consecutive Record-Breaking Year for Economic Development