Solar sector sees tax credit extension adding $87 billion to U.S. economy

The U.S. solar energy industry will add an additional 113,000 jobs and generate $87 billion in investment over the next decade if U.S. lawmakers extend the sector’s key tax credit, a report published on Tuesday said.

The forecast by the U.S. Solar Energy Industries Association trade group and energy research firm Wood Mackenzie comes as the solar industry is lobbying lawmakers in Congress to pass an extension of the credit, which is worth 30 percent of the value of a solar energy system.

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