Solar Energy Following Same Path to Commercialization as Traditional Energy

According to a report prepared by the Howard H. Baker Jr. Center for Public Policy, every significant energy resource deployed in the U.S. today has had approximately 30 years of innovation and early adoption before beginning rapid growth that brought about mainstream adoption.

SEIA_LogoSolar energy is following the same path to commercialization as other traditional energy sources spurred by federal incentives, according to a new study from the Howard H. Baker Jr. Center for Public Policy at the University of Tennessee, Knoxville.

The study, which was funded by a grant from the Solar Energy Industries Association (SEIA), also estimates that the U.S. solar sector could employ hundreds of thousands of Americans by the end of the decade.

Like oil, coal, natural gas, nuclear and all other traditional energy sources, solar has received support from the federal government to promote its usage. Diffusion of solar energy technology in the energy markets is very similar to the paths that many American industries have traveled to become mainstream, the report adds. Unlike more mature technologies, however, that continue to receive subsidies, solar energy is currently in a very early phase of its growth trajectory.

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Article Source: Solar Industry
Image: Solar Energy Industries Association
Report Source: Howard H. Baker Jr. Center for Public Policy | The University of Tennessee, Knoxville