Businesses supporting the economic power of clean energy in Nevada released a report Friday showing the falling cost of renewables has driven investment and innovation in the state and nationwide.
Clean Energy Works for Nevada, a coalition of businesses and advocates, launched this week in support of a strong clean energy economy. In its whitepaper “Powering Nevada: How Declining Costs Are Powering Our Clean Energy Economy,” the group notes that Nevada solar is some of the cheapest energy in the nation right now. And as the price of solar, wind and other renewables has fallen, their share of the energy mix has increased, producing jobs and economic development for the state and savings for consumers.
Today, there are more than 25,000 people working in clean energy and efficiency jobs in Nevada, which leads the country in per capita solar energy production. Outside the energy sector, businesses small and large are using clean energy and efficiency to lower their electric bills and deliver on commitments to social responsibility. The members of Clean Energy Works for Nevada say developing the state’s abundant natural resources will take Nevada’s clean energy economy to the next level.
“We are already seeing the power of clean energy at work in Nevada. Businesses like Apple and MGM are leading the way, powering their facilities with money-saving clean energy and meeting customer demand for sustainability at the same time,” said Yvette M. Sanchez, owner of J&Y Construction & Property Preservation. “But smart state policies are the key to unlocking that potential for every Nevada business and family, and ensuring access to affordable, clean, and reliable renewable power.”
Powering Nevada notes that corporate renewable energy purchases announced in the last few months alone have broken record low prices for solar energy – not just in Nevada but in the country.
“Forward-thinking policies, like Nevada’s renewable portfolio standard, have been the driving force for technological innovation and economic development, helping make solar the cheapest electricity option in many parts of the U.S., but we have to maintain that momentum,” said Sean Gallagher, VP of State Affairs, Solar Energy Industries Association. “It’s critical for the clean energy industry to work together with other Nevada businesses, advocates and policymakers so the economic benefits that clean energy provides both companies and consumers can be fully realized.”
The report also finds that the falling price of solar, including the photovoltaic panels typically used in rooftop installations, has driven investment and jobs in the state.
“Prices for solar PV have fallen 77% since 2009 alone, leading to booming investments by families, private companies, and utilities alike,” said Louise Helton, President of Las Vegas’s 1 Sun Solar. “That translates directly to economic growth for Nevada and to savings for consumers and corporations who bet on solar power. We need to make sure state policies don’t get in the way of those smart investments, but rather pave the way for an even stronger clean energy economy tomorrow.”