The greatest job growth in alternative energy is in the manufacturing side of the industry.
That’s the word from a comprehensive report from a group of MBA students at the University of Colorado at Colorado Springs, who conducted a study of regional alternative energy issues.
The results show that renewable energy jobs pay well – more than $50,000 annually, and a wind farm in the region has the potential to generate a 17-percent rate of return for investors.
“The results of the study are significant because they provide real answers to critical questions about the region’s growth prospects,” said Fred Crowley, senior instructor for the school of business. “We do not have to wonder about ‘what if’ situations. We have solutions. What these students have learned can help our entire community focus its efforts to move us into the era of renewable energy.”
But tax incentives are needed to make solar and wind profitable for the region, the report said.
Students spent months gathering comprehensive information from interviews, and from federal, state and local laws, as well as financial and environmental analysis.