Contributing
Business
Alternative
Energy Finance
& Banking
Model Inputs
- Total project cost
- MW size of installation
Assumptions
- Estimated the total number of jobs (direct, indirect, & induced) supported as a result of
renewable energy project finance & tax equity transactions counted towards the $100 billion goal
- The model used an economic input-output approach based on a set of employment multipliers
from the US Bureau of Labor Statistics multipliers to determine the number of jobs supported in
195 sectors (according to the North American Industry Classification System, NAICS) from a
nominal expenditure of $1 million in one sector
- To determine the estimated expenditures in each sector, we obtained an allocation of capital and
operational expenditures across components (e.g., PV module manufacture, wind turbine rotor
manufacture, servicing etc.) for each renewable energy project technology type (e.g., solar, wind)
using data from the National Renewable Energy Laboratory (NREL), the U.S. Department of the
Interior, and the U.S. Geological Survey
- We then mapped each of these component allocations to economic sectors. If the operational
expenditure was unknown, it was calculated using NREL benchmarks based on the project size.