Economic Benefits

An Exceptional Opportunity for Ohio

Clean energy sources are in demand by businesses, government, and residential consumers alike. The cost of solar over the last decade has decreased drastically, making it cost competitive with, or even cheaper than coal, nuclear and natural gas.  And solar developers have taken notice of the geography, transmission infrastructure and climate capabilities that give Ohio an edge over other states:

  • An abundance of flat land ideal for harvesting solar power.
  • A sophisticated transmission infrastructure with superior access and growth potential.
  • With advances in solar technologies, weather in Ohio meets the needs of large-scale solar developments. On cloudy or sunny days, Ohio generates solar power.

The demand for solar power by Ohio businesses of all sizes is rapidly growing. Many Ohio employers including Campbell’s Soup Company, Honda Marysville, Walmart, General Motors, Amazon, Facebook, Google, AT&T and Budweiser are choosing clean energy to help power their operations.

“Renewable energy is a key ingredient in Ohio’s economy. But as important as it is
today, market forces will make it an even bigger part of our future. Northwest Ohio
is home to our nation’s solar leader and we look forward to the tremendous growth
of this industry right here in Ohio.”

Brian Dicken

Vice President of Advocacy and Strategic Initiatives, Toledo Regional Chamber of Commerce

     

    • Solar jobs include Ohio-based component manufacturers.  A 2020 study by the Ohio University Voinovich School of Leadership and Public Affairs estimates that 30% of the components used in Ohio utility-scale developments are made in Ohio.  Even more products will be made in Ohio as a result of manufacturers choosing to locate here because of the developing solar industry.
    • Construction of solar fields also boosts spending at community businesses like restaurants, hotels, grocers and other stores and local establishments.
    • According to the 2020 study by Ohio University, the estimated impacts of these projects over their 40-year term includes:
      • $18 billion in economic impact
      • 54,113 construction jobs
      • $67 million in annual tax revenues

    • Utility-scale solar farms across Ohio will generate more than $2.8 bill in taxes across the estimated 40-year lifespan of the projects.

    Transformational Economic Impact & Significant Job Creation

      • The solar industry is expected to have cascading positive impacts for Ohio communities by creating thousands of jobs and generating significant tax revenues to support our communities, schools and critical community services.
      • Rural areas of Ohio, that have struggled to attract investments, stand to gain the most from utility-scale solar farms. An estimated 54,000 individuals will be needed to construct the anticipated utility-scale solar farms in Ohio. Of those individuals, at least 80%, if not more, will be Ohio residents.  These employees and their families live and work in Ohio and their tax dollars support their local communities.
      • Ohio ranks seventh in the nation in solar energy labor force, which includes manufacturing jobs.  First Solar Inc., in Northwest Ohio, employs more than 1,000 people. The CEO of First Solar stated that “Ohio is the only state that possesses virtually all aspects of the solar manufacturing chain.”  Of the world’s nine largest solar manufacturers, only First Solar is U.S.-based.