To compile tangible data that showcases the benefits of the IRA passing, SolarReviews sent a survey to 3,259 of its installer partners. Ninety-five percent of respondents anticipate their business will grow because of the IRA passing. And on average, solar installation companies plan to increase their workforce by 148% over the next 5 years to accommodate an expected increase in demand.
Given that approximately 230,000 people are working in the residential solar industry currently, SolarReviews says this equates to an additional 340,400 workers.
This increase will take the total number of people employed in the residential solar sector to approximately 570,400, equating to 63% of the number of people employed by the fossil fuel sector, which is approximately 908,400.
Solar jobs are high-quality jobs. They are inherently local, available across the country, spread over many small employers, and offer the opportunity for employees to start their own businesses with little capital. They employ a variety of different types of professionals from engineers and electrical contractors to finance and administration staff.
Head here for more insights from the survey.
Have you checked out our YouTube page?
We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! — a collaboration with BayWa re to discuss higher level industry topics as well as best practices / trends for running a solar business today.
Our longer running side project is The Pitch — in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don’t have to. We’ve discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.
We also post our Project of the Year announcements there! Interviews with this year’s winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.