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

| Tuesday August 30th, 2005 | 0 Comments

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.


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