How would a cheaper oil price help to promote the continued growth of the solar industry? According to experts, that is exactly what is happening…
“As Fortune’s Katie Fehrenbacher reported Tuesday, the U.S. solar industry added 35,000 jobs in 2015, bringing the total to more than 200,000. The counterintuitive bit here is that the same factor accounting for a decline in oil-industry jobs—falling prices—is accounting for the increase in solar employment. Falling oil prices make exploration and production of oil less profitable. Cheaper solar panels make that technology more attractive to consumers and the businesses serving them, thus driving adoption—and employment…” [ Read more here ]
