According to the U.S. Energy Information Agency, geothermal power is a long-term consumer bargain for the western power grid. New information based on a survey of the U.S. industry and released by the U.S. Geothermal Energy Association (GEA) explores the economic benefits geothermal facilities bring to communities where they operate. GEA reports substantial revenues from taxes and royalties to state and local governments, long-term local employment and millions of dollars in environmental benefits.
“The Additional Economic Benefits of Geothermal Energy” found:
- In 2013, geothermal power producers paid $29 million dollars in annual property taxes, including $21 million dollars to the State of California.
- A 50 MW geothermal plant will require 310 person-years of construction and manufacturing employment.
- An average 50 MW facility will create permanent employment for about 100 people.
