GE Power announces layoffs as solar continues growth

December 12, 2017

General Electric (GE) Power last week announced plans to layoff 12,000 workers as it looks to slash $1 billion from its budget, according to Madison. GE Power’s layoffs will come from its power plant division as clean and renewable energy sources continue to dominate the future of domestic energy consumption and production.

The United States solar industry in 2016 continued its sharp ascent when it employed 260,077 workers, a 25 percent increase over 2015, according to The Solar Foundation. Last year marked the first year that clean and renewable energy jobs surpassed jobs in the fossil fuel industry.

Optimism surrounds the future of solar energy as the price of producing solar arrays and panels continues to plummet. Jobs in solar are projected to grow 10 percent in 2017, according to the U.S. Energy and Employment Report.

The average annual cost of fossil fuels increases every year. Standard inflation and decreased demand drive prices higher. What was once a niche market for green enthusiasts is quickly becoming the standard bearer.

The ability for businesses and homeowners to take control of their energy production is a huge contributing factor in the shift, especially for residences that produce more energy than they consume and can earn money back on what they don’t use.

How do I make the switch?

New York State Solar helps Long Island residences and businesses make the transition to solar energy through the NY – Sun program. The NY – Sun program is a taxpayer benefit program between New York State and PSEG to help New York become the nationwide leader in solar energy. To speak to a solar representative to learn more about if NY – Sun is the right decision for you, click here.

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