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Economic Impact Analysis of Clean Energy Development in North Carolina - 2016 Update

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Full Report:

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Summary Findings: 
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Press Release:
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Key Findings:
   This report's key findings include >

The total economic impact in North Carolina from clean energy (renewable energy and energy efficiency) project development from 2007 to 2015 is over $12 billion. 

Approximately $6.3 billion was invested in clean energy development in North Carolina between 2007 and 2015. Clean energy investments were nearly 20 times larger than the state incentives for them.

State incentives for clean energy projects constructed between 2007 and 2015 are estimated to total $322.1 million. Meanwhile this development has led to an estimated $529 million in positive state and local government fiscal impacts.

Renewable energy project investment in 2015 was $1.97 billion; more than double the $948 million invested in 2014.

Clean energy development supported 82,403 annual full-time equivalents (FTEs), equivalent to one person working full time for a year, from 2007 to 2015. 




Suggested Tweets:
   Follow Twitter activity around the report at #CEgrowsNC.

It's here! 2016 @RTI_Intl report confirms #cleanenergy is growing NC http://bit.ly/RTI2016 #CEgrowsNC #ncga #ncpol 

Energy generated or saved via #cleanenergy & #energyefficiency programs = 1.75M homes powered for 1 yr #CEgrowsNC http://bit.ly/RTI2016

Did you know for every $1 of incentive claimed, $1.64 returned to state & local govts? #CEgrowsNC http://bit.ly/RTI2016

85% of NC #renewableenergy investments occurred in Tier 1 & Tier 2 counties -- truly an economic development success story! #CEgrowsNC 

Did you know? NC #cleanenergy investments more than doubled from 2014 to 2015 #CEgrowsNC  http://bit.ly/RTI2016 

Wow! From 2007 to 2015, #cleanenergy development supported 80,000+ FTE jobs across NC #CEgrowsNC http://bit.ly/RTI2016


 
 

Sample Facebook &
LinkedIn Posts:

It's here! The 2016 RTI report confirms what we already know to be true: that clean energy is working for North Carolina.  You can read a summary here: bit.ly/RTIsummary16 & a full copy of the report here: http://bit.ly/RTI2016
 
A new RTI International report reveals that between 2007 and 2015, North Carolina saw a total economic impact of $12 billion generated from $6.3 billion in clean energy investments. These investments were nearly 20 times larger than the state incentives for them. Read more: http://bit.ly/RTI2016
  
According to a new RTI International report, rural communities across North Carolina are benefiting the most from clean energy development, which has been encouraged by innovative energy policies. Robeson, Duplin, Catawba, Edgecombe, and Beaufort counties in particular experienced the greatest amount of investment--each with more than $200 million between 2007 and 2015! You can read the full report here: http://bit.ly/RTI2016
 
Clean energy is truly an economic development success story!  New RTI  Internationalreport finds that 85% of all renewable energy investments valued at >$1 million occurred in the state's rural, Tier 1 and Tier 2 counties. Learn more here: http://bit.ly/RTI2016
 
A new RTI report affirms that statewide renewable energy projects are attracting and supporting local jobs and investments! Homegrown clean energy projects mean more jobs and revenues stay in North Carolina -- and less money flows to out-of-state companies. You can read more about the economic  benefits clean energy provides North Carolina here: http://bit.ly/RTI2016

Today, more evidence surfaces that clean energy at the local level feeds the present and long-term health of North Carolina's economy. Between 2007 and 2015, NC saw approximately $6.3 billion invested in clean energy development leading to a total economic impact of $12 billion. Learn more here:  http://bit.ly/RTI2016

According to a new RTI International report, renewable energy project investment in 2015 was $1.97 billion; more than double the $948 million invested in 2014. I am excited to see locally-owned and globally competitive companies alike are choosing to invest in communities across our state!  Read more  here: http://bit.ly/RTI2016

 

 
 

Long and Short Descriptions:
 
 Short

$6.3 Billion in Clean Energy Investments Spurring Local Economies throughout North Carolina 

According to the 2016 update to RTI International's Economic Impact Analysis of Clean Energy Development in North Carolina, commissioned by the NC Sustainable Energy Association (NCSEA), clean energy, which includes renewable energy and energy efficiency, is a good investment for the state of North Carolina with $1.64 in revenues returned to state and local governments for every $1 of state incentive claimed. The latest report shows that between 2007 and 2015, North Carolina saw a total economic impact of $12 billion generated from $6.3 billion in clean energy investments. Notably, these investments were nearly 20 times larger than the state incentives for them.

 

Long

$6.3 Billion in Clean Energy Investments Spurring Local Economies throughout North Carolina 
2016 RTI International report confirms clean energy investments doubled over past two years 

According to the 2016 update to RTI International's Economic Impact Analysis of Clean Energy Development in North Carolina, commissioned by the NC Sustainable Energy Association (NCSEA), clean energy, which includes renewable energy and energy efficiency, is a good investment for the state of North Carolina with $1.64 in revenues returned to state and local governments for every $1 of state incentive claimed. The latest report shows that between 2007 and 2015, North Carolina saw a total economic impact of $12 billion generated from $6.3 billion in clean energy investments. Notably, these investments were nearly 20 times larger than the state incentives for them.

Rural communities across North Carolina are benefiting the most from clean energy development, which has been encouraged by innovative energy policies. Robeson, Duplin, Catawba, Edgecombe, and Beaufort counties in particular experienced the greatest amount of investment--each with more than $200 million between 2007 and 2015. 

North Carolina was recently ranked third in the nation for installed solar capacity, and the RTI report found that 87% of all solar photovoltaic (PV) projects valued at >$1 million occurred in the state's rural, Tier 1 and Tier 2 counties. "This is truly an economic development success story for the most rural parts of our state," said NCSEA's director of government affairs, Maggie Clark. "Clean energy at the local level feeds the present and long-term health of North Carolina's economy." 

Despite policy uncertainties in the North Carolina legislature, demand for North Carolina's clean energy products and services continues to grow: The report found that investment in renewable energy more than doubled from 2014 to 2015. 

 

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