Michigan On the Verge of an Energy Investment Boom

Posted on November 19, 2014

Experts say that Michigan could see billions of dollars in new investment and thousands of construction jobs in the energy industry over the next several decades. The boom includes traditional coal, oil and gas projects as well as projects involving renewable energy sources..

solarjobs1Michigan currently has an estimated 83,600 total energy jobs. A study conducted for Michigan’s Energy Innovation and Business Council said local investment in renewable energy projects—advanced energy storage, biomass, solar and wind—could support nearly 21,000 jobs in Michigan by 2015, and contribute more than $163 million in local and state tax revenues.

Some construction jobs would come as well from power utilities investing in new power plants and clean air technologies.

A state law requires that 10 percent of electricity be produced from renewable sources by the end of 2015.

Oak Electric Service is one of southeast Michigan’s leading electrical and renewable energy contractors. Give us a call at (800) 964-7070. We are standing by to answer all of your residential and commercial electrical questions. We will always personally answer your phone call – you will never reach an answering service! Be sure to ask about our “Free Electrical Safety Inspection” with every job. We invite you to visit our website at www.oakelectric.com to learn more about us.