If you’re an energy investor, you’ve undoubtedly had your eye on solar. But there’s one major sign that solar is scaling at unprecedented rates. Here’s what you need to watch.
Solar’s secret signal
Megawatts, regulatory approvals, installation costs, percentage capacity, dollars-per-Killowatt hour…they’re all important indicators. But each one catches just one part of a much larger market puzzle. While you should watch these signs, there’s an easier signal for solar’s stellar growth.
An often overlooked indicator, solar industry employment shows astonishing growth in the last year. Employment serves as a backbone indicator for much of the economy — and solar is no different. Human capital is a logistical nightmare and notoriously costly, so if businesses are hiring, it means they expect sustainable sales to keep growth going. . . .