Among the many innovative industries in Massachusetts, few epitomize its strength and resiliency like our local solar industry. Emerging in the midst of the Great Recession, the solar industry in the commonwealth has seen its installed generating capacity grow from under 10 megawatts in 2008 to nearly 850 megawatts today. This rapid maturation represents over $2 billion invested in local sources of clean energy, producing enough electricity annually to power nearly 150,000 Massachusetts households.
As importantly, the solar industry has become a meaningful economic driver in the Bay State. The same program that has returned $1.20 to the local economy for every $1 invested is also responsible for over 12,000 jobs and counting, and we are well on our way to the 1,600 megawatt goal endorsed by the Baker administration.
By any measure, the program has been remarkably successful. It is abundantly clear — through over 20,000 installations delivering tens of millions of dollars in annual electricity savings — that Massachusetts residents, businesses and municipalities want solar power.
Read Nexamp CEO Zaid Ashai's full Op-ed at the Boston Business Journal Website