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energy than in the automotive industry within the next decade, signifying a shift in national priorities. The United States is experiencing its own shift. According to The Solar Foundation, the U.S. solar industry currently employs over 100,000 workers (The Solar Foundation, 2010), which is more than the U.S. steel production sector. These jobs are spread across the entire value chain and include everything from lawyers and accountants to manufacturing, roofing, and plumbing. Although U.S. manufacturing jobs are at their lowest since before World War II, approximately 26 percent of all clean jobs are in manufacturing (Muro et al., 2011). Solar manufacturing jobs are expected to grow 14 percent between 2011 and 2012 (compared with overall manufacturing, where jobs are expected to decline by 2.6 percent over the same period) (The Solar Foundation, 2010). It is not easy to compete with Asia on low-cost manufacturing, but at least one Latin American nation, Mexico, is beginning to attract multinational renewable energy manufacturers because of its lower-cost labor and less stringent environmental regulations. In 2009, Japanese company Sanyo, for example, opened a solar photovoltaic (PV) module manufacturing plant in Nuevo Leon, Mexico, to reduce manufacturing costs for products supplying the U.S. and Canadian markets (Renewable Energy World, 2009). Exports and Direct Value Manufacturing renewable energy products can lead to export opportunities. A report released by the Solar Energy Industries Association and GTM Research in August 2011 found that the United States is a net exporter of solar energy products and is the world’s leading exporter of polysilicon for solar PV panels (much of which Germany imports). These exports pump money back into local economies in the form of direct value. Although the entire market grew to $6 billion in 2010, the report also found that, in 2010, the U.S. solar industry created $4.4 billion in domestic direct value, signifying that $0.75 out of every $1 spent on a U.S. solar installation found its way back to the local U.S. economy through wages paid to domestic manufacturers, installers, etc. By investing in locally grown and produced energy sources, money that would otherwise be spent on energy imports can be saved, capitalized on through return investments, or spent on small business enterprises and national infrastructure projects. As renewable energy manufacturing increases and trade connections are created, direct value begins to accumulate, helping to contribute to a nation’s GDP. Land Ownership, Property, and Asset Value One of the most basic by-products of renewable energy is an increase in property and asset values. In the United States, there is new evidence that the presence of a solar PV system on a house leads to greater resale value. In California, homes with a 3 kW PV system sold for an Renewable Energy Best Practices in Promotion and Use — Andrea Luecke — Page 13PDF Image | Waste Heat Recovery and RPS Policies in the US
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