20-year economic benefits to GLP, the larger region, and the state
Solar+storage projects provide many local benefits, including economic stimulation. They also provide benefits to the larger region and the state, as shown below.
A few key factors to note about this economic analysis:
- Values are approximate.
- Efficiencies are realized when combining solar+storage in the same installation.
- Most benefits outside the GLP will go to the nearby LA area.
- Incentives for hiring locally would increase values for jobs and wages in GLP.
- The model excludes expenditures outside state, such as purchases from solar manufacturers.
20-year benefits from 10 MW of new solar
20-year benefits from 20 MWh of new energy storage
20-year benefits from 10 MW of new solar +
20 MWh of new energy storage