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Arizona Solar Economic
Facts
* Past Federal and State tax
credits stimulated the installation of over 100,000 solar water
heating devices in Arizona. Current day savings estimates for a
typical residential installation range between $28-$45 per month,
or additional disposable capital totals $2.8 - 4.5 million
"gained" by Arizona citizens per month, just in water
heating. The numbers escalate significantly when buildings using
solar and renewable energy are included.
* Input/output analysis
demonstrates that every $1.00 spent within a community produces
about $1.67 of local economic activity. A direct savings of $2.8 -
4.5 million of economic activity for Arizona communities.
* Arizona benefits from solar
directly since most of the money spent goes toward the building
materials and equipment produced and installed by Arizona
companies thereby staying in the State. By contrast, most of the
money expended for electricity and gas flows out of the state and
is thus not available for spending and saving by Arizona citizens.
* The Arizona solar design,
construction, and equipment industry is a job creator that could
contribute significantly to employment within the State. The
equipment industry, and portions of the solar construction
industry, are labor intensive in nature since there is use of
materials and equipment manufactured in the State, and
installation and maintenance is done by local technicians.
Additional jobs necessitating specialized expertise of solar
engineers, planners, architects and designers are a benefit in the
expansion of technology development and implementation.
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