What are A Million Solar Roofs Worth? $6 Billion.

solar.jpgThe Million Solar Roofs initiative is a DOE project to jump start the installation of solar technology in the United States. The state of California, led by an enthusiastic Governor Schwarzenegger, hopes to install 3,000 Megawatts of capacity as a part of the program. So, what’s it really worth in economic terms? According to Clean Edge News, the answer, after incentive costs, is a whopping $6 Billion savings to California. It breaks down as follows:
Energy Infrastructure Savings: $7,099
Economic Savings (Jobs & Tax): $1,507
Environmental Savings: $525
Total: $9,133
Incentive Costs: $(3,025)
Net Benefits to State: $6,107
The rest is explained here, on the LOHAS site.

Nick Aster is a new media architect and the founder of TriplePundit.com

TriplePundit.com has grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for TreeHugger.com, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.