There has generally been a misconception that the rise in solar has largely been a result of huge government subsidies. However, a recent article published on www.reneweconomy.com.au on the US solar market aims to prove otherwise.
According to a report published by the Baker Centre for Public Policy, solar has actually achieved quite significant results despite lower subsidies and government support. In terms of subsidies, solar has received relatively lower support compared to other fossil fuels such as oil, natural gas and coal.
Further, the growth in the solar industry is said to be able to create between 200,000 and 430,000 jobs by 2020, especially with the increasing competitiveness of the solar photovoltaic market.
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