US Solar Industry Loses 10,000 Jobs

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  • US Solar Industry Loses 10,000 Jobs

The United States solar industry lost nearly 10,000 jobs last year, led by steep losses in mature markets like California and Massachusetts where installation growth has slowed, according to a new report published on Wednesday.

According to Reuters, it is the first time employment has contracted in the fast-growing industry since the non-profit research firm The Solar Foundation began tracking solar jobs in 2010.

Nationwide, solar employment fell by 3.8 per cent to 250, 271 jobs in 2017 from a high of 260, 077 in 2016. A drop in both utility-scale and residential solar installations, as well as industry jitters about tariffs on imported solar panels, were to blame for the decline, the report said.

Employment in the solar industry far outpaces that of the coal, wind and nuclear energy industries, the report said, citing federal jobs data.

The US solar installations fell in 2017 after logging a record-breaking year in 2016 as developers raced to take advantage of a federal tax credit that was meant to expire that year. The credit was extended by Congress, but it takes time for companies to rebuild their project pipelines.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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