National Renewable Energy

CLAIM: The stimulus bill’s support for clean, renewable energy sent jobs overseas.FACTS:

• A study from the National Renewable Energy Laboratory (NREL) shows that the DOE Section 1603 program supported 43,000 to 66,000 jobs every year by

 from 2009 to 2011. (Source: NREL, http://1.usa.gov/Idmhyt)• Experts at the Lawrence Berkley National Laboratory (LBNL) demonstrated that the Section 1603 program saved over 50,000 American jobs via the financing of specific wind farms that would have otherwise failed to come online in 2009. (Source: LBNL, http://1.usa.gov/aCe3A4)

• Domestic growth in the renewable sector is booming. Since 2011, U.S. wind generation has increased by nearly 30%. (Source: Energy Information Administration,http://bit.ly/zMPtn0)

• In 2011, U.S. solar photovoltaic installations grew by over 100% (Source: Solar Energy Industries Association,http://slidesha.re/AuCU8p)

• Investment is also growing: clean energy investment in the United States experienced a 42% increase from 2010 to 2011, to the tune of $48.1 billion. (Source: Pew Charitable Trusts / Bloomberg New Energy Finance,http://bit.ly/HtRYoB)

• The return on investment is significant. Wind power provided more than 1/3 of all new U.S. electric capacity over the last four years. (Source: American Wind Energy Association, http://bit.ly/LdoVF1)

• The Loan Guarantee Program has been credited with making solar “bankable” for major investors – shifting it from a risky investment requiring a costly premium to “part of a much broader capital market.” (Source: Bloomberg BusinessWeek, http://buswk.co/N9AdLu)

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