creation opportunities also exist in the manufacturing and supply chain sectors. While the solar industry has aglobal manufacturing base, proximity to market potential remains a significant factor for attractingmanufacturing facilities and supply chain vendors to a state. Lastly, advanced research of solar technologiesalso supports a variety of employment opportunities, such as those at the SUNY Nanotech Center.
In addition to direct jobs, New York can expect additional job creation resulting from the development of 2,200 MW of solar. Indirect jobs would result from the increase in demand for goods and services from directon-site project spending. Induced jobs would result from reinvestment and spending of earnings by direct andindirect beneficiaries.
The New York Sun Act, therefore, has the potential to create an additional 31,000 job-years, or an average of 3,100 individual jobs each year through 2022.
Solar facilities also require long-term operations and maintenance (O&M) support; the development of 2,200 MW of solar would createapproximately 620 long-term O&M jobs to ensure that these solar systems are operating at their full potential.These are jobs that, once created, would be sustained for a period of 25 years.
Finally, the earnings from the jobs created by the NY Sun Act (direct, indirect and induced) would totalnearly $3.0 billion.
These wages and salaries would be reinvested back into the state economy, therebysignificantly contributing to New York’s economic engine.
The deployment of 2,200 MW of solar would generate billions of dollars ineconomic activity throughout New York State.
The injection of investment in solar development in New York would trigger several rounds of spendingresulting in increased economic activity. Much like job creation, JEDI accounts for economic output as aresult of direct, indirect and induced impacts. Specifically, economic output refers to the total value of goodsand services generated in the state as a result of the installation and operation of solar energy systems.The JEDI model demonstrates significant economic output resulting from a long-term and scalable solar program such as the New York Sun Act.
The economic output resulting from direct project developmentand supporting services for the construction of 2,200 MW of solar by 2022 would be over $2 billiondollars.
Indirect and induced economic impact is also significant holding the potential to generate an additional $5.3 billion dollars during the 2012-2022 construction period.