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After only a year, the Inflation Reduction Act put into effect, the solar and storage industry is becoming a vital part of America’s economy. Due to new energy incentives, companies that work with solar and storage plan to invest more than $100 billion in their businesses. However, this is just the beginning. These companies are expanding and trying to keep up with the interest in American-made clean energy.
This Investment is going to help people all over the country, from manufacturing to customers using solar energy in California. In the past year, we have seen how helpful the solar and storage industry can be for the economy.
Communities all across the United States are getting investments from different countries. Each town and city wants to be part of the clean energy economy, like the “battery belt” in the Midwest.
These investments are already boosting the economy of towns like Warsaw, Indiana, and Buckeye, Arizona. Solar companies hire people, buy things, build new places, and pay taxes to help the local economy. For every $1 spent on manufacturing, $2.60 is added to the local market.
In places like Dalton, Georgia, these new factories are also helping nearby areas. In the next few years, the number of people working in the solar manufacturing industry is going to triple, reaching over 100,000 jobs.
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