My View: How Arizona’s renewable energy boom accelerated after federal investments

Two Arizona industry CEOs look at how their businesses, and so many others across the state, have seen a positive ripple effect from the federal government investment in the renewable energy sector.

Our two companies, Array Technologies Inc. and McCarthy Building Companies – both of which have significant presences in Arizona –see signs day in and day out that our state and our nation are in the middle of a renewable energy boom. The surge of innovation in solar, wind, battery storage and beyond is creating good-paying jobs and reviving American manufacturing throughout the state and region.Thanks to the Biden-Harris administration’s Inflation Reduction Act (IRA), the U.S. has already created over 330,000 new energy sector jobs in just the past two years. In addition, these investments, combined with the work of companies like ours, are creating a sustainable and resilient energy infrastructure to help residents and businesses across the state to better withstand Arizona’s growing energy needs, which peaks during the hot summer months.The IRA and other federal investments over the past four years have helped to grow our domestic energy and manufacturing production and put more Ari …

See the full article on Arizona’s economic indicators, or, read more Arizona real estate investing news. Take your pick!