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Solar Energy Is the Fastest Growing Industry In the US

Hugh Pickens writes "According to Rhone Resch, the last three years have seen the U.S. solar industry go from a start-up to a major industry that is creating well-paying jobs and growing the economy in all 50 states, employing 93,000 Americans in 2010, a number that is expected to grow between 25,000 to 50,000 this year (PDF). In the first quarter of 2011, the solar industry installed 252 megawatts of new solar electric capacity, a 66 percent growth from the same time frame in 2010. Solar energy is creating more jobs per megawatt than any other energy source (PDF) with the capability, according to one study, of generating over 4 million jobs by 2030 with aggressive energy efficiency measures. There are now almost 3,000 megawatts of solar electric energy installed in the U.S., enough to power 600,000 homes. In the manufacturing sector, solar panel production jumped 31 percent. 'The U.S. market is expected to more than double yet again in 2011, installing enough solar for more than 400,000 homes,' writes Resch. 'Last year, the industry set the ambitious yet achievable goal of installing 10 gigawatts annually by 2015 (PDF) – enough to power 2 million more homes each and every year.'"

41 of 410 comments (clear)

  1. J/MW? by Anonymous Coward · · Score: 3, Insightful

    Jobs per megawatt? What the hell kind of measure of efficiency is that?!

    1. Re:J/MW? by goombah99 · · Score: 5, Funny

      Jobs per megawatt? What the hell kind of measure of efficiency is that?!

      Jobs = work/week
      Watt = work/second

      Jobs/MegaWatt = 0.144 E-12

      --
      Some drink at the fountain of knowledge. Others just gargle.
    2. Re:J/MW? by arpad1 · · Score: 5, Insightful

      It's the kind of measure you use when you don't want to discuss subsidized dollars per job. It's also the kind of measure you use when you don't want to discuss how many non-subsidized jobs it cost to pay for one subsidized job.

      --
      Minutus cantorum, minutus balorum, minutus carborata descendum pantorum.
    3. Re:J/MW? by Chrisq · · Score: 2

      Jobs per megawatt? What the hell kind of measure of efficiency is that?!

      One that will ultimately bring back the treadmill.

    4. Re:J/MW? by trout007 · · Score: 4, Insightful

      $ per Megawatt hour is the measure of efficiency. Ideally you would want a world where you had unlimited energy that required no money (ie jobs). This is a measure of inefficiency and it shows that Solar is the worst.

      Anyone that claims a project is great because it creates jobs is an idiot. The goal is to have stuff not jobs.

      Batist wrote that all people act as a both a producer and a consumer. In their job they are a producer and in the rest of their life they are a consumer.What do they as a producer want? They want the good or service they producer to be scarce and expensive. What do they as a consumer want? They want the good or service they buy to be abundant and cheap.

      What type of society do you want to live in, one where things are cheap and abundant or scarce and expensive? Any law that favors producers does so by making goods scarce and expensive. Unfortunately like the people that wrote this article it is easy to show how a certain law that favors a producer helps those people. It takes a bit more thinking to explain that the only way to help that producer is by hurting all consumers.

      --
      I love Jesus, except for his foreign policy.
    5. Re:J/MW? by SirGarlon · · Score: 4, Insightful

      It takes a bit more thinking to explain that the only way to help that producer is by hurting all consumers.

      Nonsense. Read up on the basic economic principle of comparative advantage and then write us a 500 word essay on how economics are not a zero-sum game.

      --
      [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
    6. Re:J/MW? by trout007 · · Score: 3, Interesting

      I know all about comparative advantage. When a country can produce more and better sugar because they have the right climate it makes sense to import it to the degree it is cost effective to do so. But if you pass a law restricting import or putting a tariff on it you do so specifically to benefit the domestic sugar producers at the expense of all sugar consumers.

      --
      I love Jesus, except for his foreign policy.
    7. Re:J/MW? by fuzzyfuzzyfungus · · Score: 5, Interesting

      There is are a couple of unfortunate wrinkles in what would otherwise be true:

      If you don't have money, it scarcely matters what the price of goods is. You are still fucked. For virtually everybody this impecunious, having money = having a job, not selling some bonds or re-allocating your portfolio in the direction of a higher-dividend asset assortment. Given the er... not exactly small... number of people who have fallen off this particular bus(with the additional fun that periods of joblessness do wonders for one's future prospects of being re-hired...) "jobs" as something close to an end in itself does represent a net gain for a substantial number of people.

      Secondly, you say that "Ideally you would want a world where you have unlimited energy that required no money (ie jobs). This is true If and Only If the gains from increased efficiency are allocated in a manner that gives you a slice of the expanding pie. If, however, the pie is expanding; but your share of it is shrinking even faster(because whatever you do is an "inefficiency", you are quickly sliding toward point #1.

      Empirically, a great many people have reason to be concerned, and to have no particular room to hope that even steady encheapening of goods will allow them to do better than tread water, since labor is definitely one of the goods being encheapened. As this cheery little J.P. Morgan report notes, in a discussion of the improvement of corporate margins: "There are a lot of moving parts in the margin equation, but as shown in the second chart, reductions in wages and benefits explain the majority of the net improvement in margins. This trend has continued; as we have shown several times over the last two years, US labor compensation is now at a 50-year low relative to both company sales and US GDP (see EoTM April 26, 2011)."

      Improvements in efficiency do you absolutely no good if somebody with more market power than you have is capturing them. This would appear to be the case. Under such conditions, the people with less market power(ie. about the bottom 95%) don't have a rational interest in efficiency; because they won't capture the gains from it. While(from the perspective of people's actual state of knowledge) the fascination with "jobs" might be largely sentimental populism, it is arguably not economically irrational. If essentially all gains from efficiency(which includes reduction in human resources costs) are being captured by people who aren't you, it is very much in your interest to demand greater inefficiency and attempt to roll back the reduction in demand for you.

      Only in a society where everybody has a boat is the fact that the 'rising tide lifts all boats' a comforting one. If a substantial portion of the population is stuck in the mud, the rising tide is not a welcome development...

    8. Re:J/MW? by SirGarlon · · Score: 2

      He meant "to help the producer" -through legislation-, if you quote with the context it's very obvious...

      If and when trade is mutually beneficial, then it does not follow that helping the producer (through legislation) is necessarily harmful to the consumer.

      In fact by generating more trade, more income, and more tax revenue, the subsidy might very well pay for itself. And before anyone accuses me of socialism, this is essentially the supply-side argument the U.S. Republican Party has been advocating for the past 40 years, that giving tax breaks to the producers increases economic activity and boosts the net wealth of everyone. Analyzing how effective that has been in practice is left as an exercise for the reader.

      --
      [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
    9. Re:J/MW? by Antisyzygy · · Score: 2

      Solar is not a pipe-dream. Its entirely possible to make it cheaper than nuclear energy. Its just that it takes time to get the technology to catch up. Subsidies and legislation will help push the technology to greater levels. Government subsidies/programs are not always bad, sometimes they help innovate. The prime example is the Apollo program and all the numerous technological advances it produced we use today and don't even think about it. Had a private entity controlled the entire Apollo program, most innovations would be locked up as trade secrets or intellectual property.

      --
      That brings me to an interesting point, / . is just "the ramblings of socially-inept, technology-literate news-mongers".
    10. Re:J/MW? by Maxo-Texas · · Score: 2

      People do not consider solar correctly.
      I'm making the investment into solar without government subsidies because it makes sense.

      My current electric bill is $900 a year (apparently low by many standards but I have studly insulation.)

      My goal is to reduce that by $500 per year at current prices.

      Two key things.
      My effective tax bracket is 50%.
      So every dollar saved is worth two dollars earned. If I can save $500, I would have to earn $1000 to have that after tax spending cash.

      Secondly- historical pricing inflation for electricity since 1983 is between 100 and 150%. It's reasonable to assume that by 2022, my actual savings will be $1000 per year. And that's assuming no period of high inflation.

      So if I can put up a $10,000 system which saves me $500 per year, the effective payoff of the system is under 10 years.

      Plus I won't be completely without power like I was after the last hurricane for 3 weeks.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    11. Re:J/MW? by An+Onerous+Coward · · Score: 2

      I hate the whole "this will create jobs" attitude. The more productive something is, the fewer jobs it creates. I mean, honestly, rather than having four million people schlep to and from work to keep the lights on, it would be better to have some magical, maintenance-free "free energy" machine that would do it without anyone having to lift a finger. Society as a whole would be much richer.

      But there's the contradiction: we'd be richer, but unemployment would go up, so some of us would be more miserable.

      At some point, automation and technology are going to make us so productive that most of us won't be necessary to keep the economy running. At that point, if we're still in the "you have to earn your keep" mindset, we'll end up with a permanently oppressed, permanently unemployed underclass. Cars start driving themselves, putting a million cabbies, a million truckers, and a bunch of bus drivers out of work. Thanks to improved handwriting recognition, the Post Office has been shutting down Remote Encoding Centers left and right. The next wave of automated checkout stations could eliminate millions of grocery checkout and fast food jobs. Online shopping is killing retail jobs as we speak. Had we not boxed up our entire manufacturing infrastructure and sent it to China, we would have lost most of those jobs to robots anyways.

      And now the robots are kicking our asses at Jeopardy. Does anyone here really feel that their particular skillset cannot be obsoleted in the next fifteen or twenty years? That you'll continue to be able to use your mind and hands to extract a living wage from those who own every damned thing?

      Society becomes richer, while most of its people become poorer. It can't continue. Time to dust off Karl Marx.

      --

      You want the truthiness? You can't handle the truthiness!

  2. New favorite unit of measurement by suso · · Score: 2

    Jobs per megawatt

    1. Re:New favorite unit of measurement by EraserMouseMan · · Score: 2

      It'll be great when solar panels get super cheap and easy to set up. I'll just order a roof's worth from Amazon.com and install them myself. Then the "jobs per megawatt" will drop like a rock. And government will set up price floors to keep panel installers from losing their jobs. Let's stop talking about jobs per megawatt, k?

    2. Re:New favorite unit of measurement by goldspider · · Score: 2

      People who cite "jobs/production unit" as a relevant metric don't understand the primary purpose of industry.

      Hint: it isn't job creation.

      --
      "Ask not what your country can do for you." --John F. Kennedy
  3. From a low base by MichaelSmith · · Score: 2

    ...no doubt.

  4. How much by georgenh16 · · Score: 5, Insightful

    It seems to me, Higher jobs/MW = Higher cost/MW

    How much of this industry growth is fueled by government subsidies?

    1. Re:How much by tbannist · · Score: 4, Interesting

      That's a possibility but not a necessity. You seem to have forgotten that the difference between oil, gas and coal energy generation and wind, solar, geothermal and hydro electric is that you have to pay for inputs to oil, gas and coal. If the plant costs are comparable, then the difference in jobs/MW only needs to be less than what the plant would spend on fossil fuels (and eventually carbon taxes).

      What I think it means is instead of buying tonnes of coal to burn, solar plants pay people to inspect, clean and repair the solar panels.

      As for government subsidies, as I understand there are far more subsidies for coal, gas and oil than there are for solar. I've read the difference is about 10 to 1 each. So for every $1 in government subsidies for solar, coal gets $10, and natural gas gets $10 and oil gets $10.

      --
      Fanatically anti-fanatical
    2. Re:How much by SniperJoe · · Score: 2

      Agreed. If you walked into a business and they proudly proclaimed that they had the highest "job to widget produced" ratio, I would think that screams inefficiency. Wouldn't you rather have the lowest dollar per renewable megawatt hour produced?

    3. Re:How much by LehiNephi · · Score: 3, Interesting

      It really comes down to what you call "subsidies." Tax deductions for capital investments, which the anti-fossil-fuel crowd incorrectly call a subsidy, is not unique to the oil/gas business, and similar deductions commonly available to *all* businesses in all industries. Tax *credits*, however (without which we wouldn't see much, if any, solar installations), certainly are a subsidy, and are very generous for renewable energy. You also need to take into account the volume of production from each source. If there's 10x as much subsidies (if you want to call it that) to oil/gas as there are to solar, but there's 100x as much oil/gas production, then it stands to reason that the rate of subsidies to solar is 10x that given to oil/gas.

      There's also the minor question of "are we paying for the right thing?" Subsidies/grants/investments for research into renewables is one thing--they have the potential to produce improvements in the efficiency and cost of such systems. But subsidies for production and installation of renewables (as the US gov't currently does) is absolute futility--by doing so, the government is distorting the value of those products, actually providing a disincentive for producers to make those systems more economical on their own.

      --
      Help find a cure for cancer. Join the [H]orde
    4. Re:How much by Anonymous Coward · · Score: 5, Insightful

      Your comparison is meaningless. You should be comparing the 93000 employees with the growth rate of solar energy installations, not currently installed effect. 3000 MW already installed require very little maintainance, but new installations require a lot of work per MW. Research, production and installation. A lot of people are employed in the heavily subsidised coal industry as well, but mostly in maintainance and coal production. Not as much in building new power plants.

  5. Based on USD Market Cap... by econolog · · Score: 2

    It isn't. Biotech is.

  6. Tax dollars by darjen · · Score: 2

    How much government money has been spent creating these jobs? And what is the percentage of salary for solar workers compared to this government money?

    1. Re:Tax dollars by should_be_linear · · Score: 2

      Disclaimer: I am from EU.
      Whats wrong with government spending money to create jobs? More appropriate calculation is:

      economical efficiency = (Ns + Us) / Ss.
      where:
      Ns is government spending on Nuclear, oil and coal - env. impact on harvesting fuel and operating, health issues (coal), permanent storage (nuclear),
      Us is government spending on people (currently employed in solar business) if they were unemployed or in jail. Not all 4 million people eventually employed in solar would be otherwise unemployed, but estimated portion.
      Ss is current government spending on supporting solar business.

      --
      839*929
  7. I've got good news and bad news and more bad news. by hey! · · Score: 4, Insightful

    The good news: Solar energy is the fastest growing industry in the US.

    The bad news for solar energy: Solar energy is the fastest growing industry in the US.

    The bad news for the US: Solar energy is the fastest growing industry in the US.

    --
    Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
  8. Re:Propped Up Industry by Vihai · · Score: 3, Informative

    How much are the subsidies in USA? Here in Italy they are around 0.42 €/kWh and are crazily high, to the point that no more subsidies are going to be given starting this year.

  9. Re:Propped Up Industry by SirGarlon · · Score: 2

    Or it could go the way of the railroads and the Internet, which were heavily subsidized initially so they could get started, but were self-sustaining once they reached a certain scale.

    --
    [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
  10. Rats flock to government subsidies by argStyopa · · Score: 4, Insightful

    Any industry heavy with government subsidies - defense, social welfare, medicine, and now 'renewables' - attracts opportunists of both the legitimate and illegitimate sort.

    Legitimate businesses are interested because they know that having a politically-attractive industry can make a lot of low-/no-interest money available as well as making the government paperwork (permits, etc.) all move much quicker than usual. Finally, it's a truism that once established government programs almost never die (for God's sake, the TVA's REA is still alive and flourishing - conveniently renamed to the RUS "Rural Utilities Service" - to legitimize its ever-spreading 'responsibilities' hahaha).

    Illegitimate business (con men, criminals, etc.) are attracted because government investment typically now means at least dollars in the 10^6 range, that until they reach 10^9 these numbers are considered 'trivial' and barely worth notice/mention by Federal agencies (how many pallets of $$billions have been untraceably 'lost' in Iraq/Afghanistan?) - a perfect environment for fraud.

    --
    -Styopa
  11. The race is rigged by inthealpine · · Score: 2

    Too bad solar manufacturing is heavily subsidized by the US government and then the purchase by the consumer is also heavily subsidized by the US government and state governments.
    You can't even get a permit let a lone build a nuclear or coal power plant because of EPA regulations and red tape.
    It's like watching a race between two people running and one person get's hit by a car every third step they take and acting surprised the other runner is doing so well. It's a rigged race and the desired outcome shouldn't be a huge surprise.

    I'm not against solar, in fact I thought if we were going to spend that near trillion in stimulus we could have near afforded to put a solar system on every single family home in the US. Instead we wasted it on nothing... shame.

    --
    "In God We Trust, All Others Pay Cash"
    1. Re:The race is rigged by DrBoumBoum · · Score: 3, Interesting

      Too bad solar manufacturing is heavily subsidized by the US government

      Or is it?

  12. Re:2 Headlines Down by elrous0 · · Score: 2

    I just hope the North Koreans don't develop a glowing dog of their own.

    --
    SJW: Someone who has run out of real oppression, and has to fake it.
  13. From Another Point of View by eldavojohn · · Score: 4, Interesting

    You can't even get a permit let a lone build a nuclear or coal power plant because of EPA regulations and red tape.

    You're not going to hear much sympathy from me. I've been to the Boundary Waters Canoe Area, I've seen what natural water should look like. By my own first hand account, there is none of that on the East Coast.

    So let's see here, after some shallow checking on Google News we have: Frack water to be dumped in Niagara Falls, the EPA has been completely ignoring Anacostia River pollution and the dead zone in the Chesapeake is growing. And that's just news from the last couple of days. How can I be upset that the EPA wants to tie up companies in "red tape" when this is happening in our country? Why don't the solar companies get the same red tape? Oh, right, they don't produce a byproduct that is often dumped in nearby water. I'm sure the site of solar panel farms suffers the same environmental scrutiny that your poor "hobbled" coal and nuclear power facilities face. It's just that the byproducts and environmental effects appear to be okay for local residents.

    It's like watching a race between two people running and one person get's hit by a car every third step they take and acting surprised the other runner is doing so well. It's a rigged race and the desired outcome shouldn't be a huge surprise.

    The way I see it, is it's more like two people racing and one person pouring crude oil along the entire race path and then sliding on it with a sled and beating the person that's trying to run through it. Meanwhile the people who live near the race track are drinking shit in their water. Think I'm making that up? Go ask the residents of West Virginia who get to watch their entire state terraformed into slag. PA's natural gas boon could result in the same thing if we don't have that evil evil evil "red tape."

    --
    My work here is dung.
  14. Solar to Hydrocarbons by codesherpa · · Score: 2

    For a long time I thought a balanced approach to renewable energy was the best strategy but I've recently changed my opinion to favoring solar heavily. Specifically, solar to various hydrocarbons. Even though it's not as efficient as other solar storage techniques, such as pumping water uphill, it directly generates a portable, energy dense medium. The lecture that really changed my mind came from Cal Tech professor Dr. Nathan Lewis. He talked about limits of every energy source and broke down the numbers in terms of potential energy from each. Nothing even came close to solar. And even though solar to hydrogen is cleaner, realistically, solar to hydrocarbons are much easier to use in our current economy.

  15. Comment removed by account_deleted · · Score: 3, Insightful

    Comment removed based on user account deletion

  16. Business potential in going green by LongearedBat · · Score: 2

    For years governments (at least in Australia) have been saying that going green will be bad for jobs and economy, while some of us have been saying there is enormous business potential in green tech, if given the right guidance. (Although in my opinion, the best guidance is probably not subsidies.)

    I reckon that the easiest way to go green is by taking advantage of capitalism, but for some reason the Liberals (blue) just don't seem to see it. It seems they're only on board now that they realise that they're losing votes because of their stance. In Australia I wish there was a cyan party (blue-green) rather than the Greens (which is really red-green).

    Is it just in Australia that it's like this? How about the US and Europe? Can other governments see the business potential in "green technology" other than China?

  17. We went completely solar in 1981... by SwedishChef · · Score: 2

    When we built our 32-foot sailboat and embarked upon a 5-year cruise of the eastern North Pacific (read: Washington, Oregon, California, Baja and the Sea of Cortez) we bought two 33-watt solar panels in Oakland, CA and used them throughout the cruise. They worked amazingly well but we did spend a bit of time making sure they were oriented properly. We later augmented them with a wind generator (hand-carved propellor and a 35vdc motor hung in the rigging) which helped the refrigeration system make enough ice per day for two drinks each at sundown instead of just one.

    We were a novelty then...

    Now we're solar in our little 21-foot camp trailer and, guess what..... we're *still* a novelty. Two 40-watt panels (about half the size physically as those we bought in 1981 but roughly the same price in 2010 dollars) still give us all the power we need but we're typically the only solar-powered RV in the campground. And other campers continually ask us if they actually work.

    I'm convinced that distributed solar power is the best answer to the energy problems facing the USA but I've been skeptical that we're educated enough as a culture to get there. Nice to see this piece.

    It's also nice to have been a pioneer.

    --
    No one ever had to evacuate a city because the solar panels broke!
  18. Re:PR math is wrong! by rndmtim · · Score: 2

    No. The panel has nothing to do with consumption. It is protective equipment. According the the gov't, the average US home uses 900kwh/month, up from 850 ten years ago, and that is roughly 30 kwh/day. A typical install is about 5-6kw, and produces about 17-25 kwh/day average over a year (ranges depend on install location). Note also that the first step in a residential solar PV install is usually efficiency, so the typical solarized house has a base load lower than 900 kwh... and this is mainly from changing out the fridge, changes to bulbs, etc. A 5kw install is typical for suburban US homes. My farm gets 85% of its load from a 3.44 kw array.

    Also, I work at a pump hydro facility (Blenheim Gilboa) as an electrical engineer. We're about 93% efficient end to end. We make our money on day/night differentials. I'm working on LiIon battery systems that are 95% end to end efficient.

    Finally in terms of storage your numbers should all relate to watt hours, not watts.

  19. Re:Propped Up Industry by WindBourne · · Score: 2

    Wrong.
    The amount of railroads around the nation was a spit in the bucket, compared to other nations. Then we VERY heavily subsidized them to get them off the ground. The feds and states gave all sorts of lands and even money to them to build on. We are not talking just ROW. They GAVE large lands to them. Many of the ranches here in the west were originally railroad owned. They then sold those to get funding for building out more of their railroads.

    In fact, the US and state govs have done that with the vast majority of our industries. Power? Feds and States. Telephones? Direct subsidies, and allowed ATT to become a monopoly. Aviation? WD bought loads of these to subsidize them. Cars? States built roads to bring in cars. some states gave direct subsidies to car dealers and garages to set-up in various locations esp. in rural areas. Ships? WD/DOD bought loads of them. Hell, they produced a nuclear civilian ship and ran it for a time. Electronics? NASA and DOD have heavily subsidized our electronics (sadly, we have given up, but need to change that; in particular for moving to cell-phone communications, we absolutely should require that all parts come from western nation, ideally America ). the list goes on and on. We have subsidized many of our industries into being.

    --
    I prefer the "u" in honour as it seems to be missing these days.
  20. Re:you need to look at subsidies per megawatt by clonan · · Score: 4, Insightful

    Without the federal subsidies AND the special liability protection offered to Coal, oil and gas they would fail.

    If you wiped out all subsidies, Coal, Oil and Gas WOULD be cheaper slightly. Afterall, they have 125 years of infrastructure built.

    People said the same thing about thoes fancy horseless carriages and the new fangled steam-ships.

    Subsidies are important to give new and promising technology an opportunity in the market. Solar is still a baby. We are every year finding new and dramatic ways to improve solar. It will probably be a baby for another 20 years. Coal, Oil and gas haven't been babes for 50+ years. We have seen a small improvement in efficiency but thats it.

    Once a technology is no longer in development it should be stripped of subsidies and protections and allowed to stand on its own. Coal, Oil and gas never have done this.

  21. Re:Propped Up Industry by knghtrider · · Score: 4, Informative

    Solar is propped up far less than the dirty fossil fuel industry. Oil and Natural Gas alone are set to reap more than $1.25 Billion from Texas alone this year in subsides and tax breaks. At the Federal level, they've reaped more than $50 Billion since 2002. In order to level the proverbial playing field, the subsidies to Solar and other alternative energy forms are necessary. But the Oil and Gas companies are reaping billions of dollars in profits and paying less tax than the average wage earner in terms of a percentage of income.

    Without subsides, our $4 gallon gas would be more like what they pay in Europe--nearly double that and would cripple or kill the auto industry. Of course it may well spur development of better and more efficient (and more profitable) forms of Public Transportation, but most of that would take a decade or more to put in place. This, too, would kill our fragile economy. Had this all been done during the Clinton Administration, when we were seeing 5% Annual Growth, then removing the subsidies for Oil and Gas would

    --
    In America today you can murder land for private profit. You can leave the corpse for all to see, and nobody calls the c
  22. Human Batteries! by DarthVain · · Score: 2

    Don't we want less jobs per energy?

    I can beat Solar easily, and solve both the energy crisis as well as the US unemployment problem.

    Step 1: Figure out how many unemployed people there are in the US!
    http://en.wikipedia.org/wiki/List_of_U.S._states_by_unemployment_rate
    9.2 Hooray!

    Step 2: Figure out how many Americans there are!
    Google!
    307 Million

    Step 3: Do some complicated math!
    1st assume a population of 300 and an unemployment rate of 10%!
    30 Million people!

    Step 4: Buy 30 Million exercise bikes and hook them up with dynamos and connect them to the grid!
    You might possibly need an inverter or something fancy.

    Step 5: Hire 10 Million people at minimum wage for each of 3 shifts.

    Step 6: PROFIT!!! :)

    Now you have all the power you need, no unemployment, and as a bonus I solved all your obesity problems you have in the US as well!

    I'll take my Nobel peace prize!

    You're on your own with that whole debt thing though, I'm not touching that one!