Jamie Resor of Vermont-based groSolar Testifies before House Small Business Committee On How Solar Energy Sector is Creating Jobs, Spurring Investment for U.S.
WASHINGTON, D.C. – Jamie Resor, Chief Financial Officer of Solar Energy Industries Association (SEIA) member groSolar, Inc. (White River Junction, VT), testified before Congress on Thursday about the remarkable potential for job creation in the solar energy industry.
Speaking before the U.S. House of Representatives Committee on Small Business, Mr. Resor described the rapid growth of his own company since 2006.
“In less than two years,” said Resor, “we have grown from approximately 25 employees to 100 employees, established a national network of customers and offices and raised about $15 million in investment capital. These jobs include engineers, installers (e.g. electricians, construction workers), managers and sales persons.”
“In many cases, we are hiring people from other industries that are contracting due to the economic slowdown. These jobs cannot be exported to other countries since our work involves the hands-on design and installation of solar systems. These jobs truly represent the broad foundation of an emerging alternative energy economy,” continued Resor.
Mr. Resor described solar as a technology that is deployable now to meet growing energy demands in the U.S., pointing out as well that the pollution-free technology could help Americans to simultaneously fight global warming while expanding the economy. He urged members of the committee to extend the solar tax credits for 8 years to provide a stable investment environment for the industry and accelerate its growth.
“Solar systems require high-tech manufacturing facilities,” he pointed out, “and produce well paying, high-quality jobs. Extending the tax credit will create an estimated 40,000 new jobs in the solar industry and over $8 billion in economic investment in 2009 alone.”
Pointing out the recent passage of the Renewable Energy and Job Creation Act of 2008 (H.R. 6049) by the House of Representatives, Resor called upon members of Congress to make sure that the Act is signed into law.
“It contains key items that are necessary for continued rapid growth of solar energy in the U.S.,” he said. “The timing of this hearing is an excellent opportunity to underscore the importance of job creation in the context of renewable energy incentives.”
Rhone Resch, president of SEIA, echoed Resor’s plea for Congressional action.
“Time is running out. Already, the solar industry is seeing the loss of investment and jobs because it has not passed an extension of federal solar tax credits,” Resch said. “Not extending the credits is an enormous tax increase that will cost America tens of thousands of jobs and the loss of billions of dollars in new investments in solar.”
For the full transcript of Mr. Resor’s testimony, please visit http://seia.org/Resor%20Testimony%207.10.08.pdf.