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American wind power saves consumers money. States with wind farms tend to have lower electricity prices. Plus, wind provides families and communities with home-grown energy.
The wind industry is an economic engine. In 2016, wind power installations represented more than $14 million in new investment. That's greater than the annual revenue of the National Football League. Wind power currently generates 5.5 percent of the nation's electricity with 82,183 megawatts (MW) of installed capacity generating clean, low-cost energy. It is now the largest source of renewable electric capacity in the U.S., eclipsing hydropower, and its growth spurt is expected to continue. The new report by Navigant finds that wind could grow by 8-10 gigawatts (GW) per year through 2020, resulting in 35 GW of new U.S. wind installations by 2020. This means more jobs and economic development will follow.
The wind industry currently supports over 100,000 jobs across all 50 states, and wind technician is the fastest-growing job in the nation. Domestic manufacturing of turbine components is growing strong. Over 500 U.S. factories build wind-related parts across 43 states. They currently employ more than 25,000 workers, and Navigant forecasts that number will grow to 33,000 by 2020.
The wind energy industry is booming, and that's a good thing for our economy and for America. With your support Wind on the Wires can expand low-cost wind power. Make no mistake, wind works for America.