March 25, 2017
By Bruce Henderson
North Carolina renewable energy and energy efficiency businesses have created the equivalent of 34,000 full-time jobs and generate $6.4 billion a year in revenue, an industry group says.
Energy efficiency led the way, the North Carolina Sustainable Energy Association said in an annual report, accounting for about half the jobs and $2.5 billion of revenue in 2016. The solar sector ranked second-highest in earnings, with $1.4 billion in revenue.
Since 2007, “the clean energy industry has been one of the few sectors to achieve double-digit job growth throughout the recession and each year since, while steadily reducing costs and slowing the rise in the rates charged by our state’s electric utilities,” said executive director Ivan Urlaub.
The association has produced the report each year since 2008, a year after North Carolina’s legislature ordered electric utilities to include renewable energy and energy efficiency in their mixes of power generation. That law, coupled with now-expired state tax credits and continuing federal credits, launched the industry in the state.
A mark of the industry’s resilience, the association said, is that it has continued to grow despite uncertainty such as conservative political opposition to the policies that launched it.