Los Angeles can solarize without sacrificing its balance sheet. Also, its jobs market could catch on fire.
That’s the crystal ball, if you’re UCLA’s Luskin Center and USC’s Program for Environmental and Regional Equity’s collaborative report Los Angeles Solar: Now and Into the Future. It was commissioned by the Los Angeles Business Council Institute, who wants the City of Angels to juice up “solar equity hotspots” in Downtown L.A., Hollywood, the San Fernando Valley and the port by 1,500 megawatts annually.
Doing so would render meaningless the 42 percent of L.A.’s energy portfolio that leans on coal-fired power, the report explained. Reroute that investment toward improved feed-in-tariffs (FiT), community jobs initiatives and net metering, and the metropolis could explode in value.