Louisiana’s solar industry contributed more than $741 million in total economic output in 2023, according to a new study from the University of Louisiana at Lafayette, highlighting the sector’s growing role in the state’s energy mix and economic development.
But advocates warn that progress is now at risk due to a recent executive order from President Donald Trump directing federal agencies to dismantle support for wind and solar energy.
The order calls the technologies “unreliable” and a threat to national security and mandates the elimination of “market-distorting” subsidies. It also instructs the Department of the Treasury to revoke clean energy tax credits, including those under sections 45Y and 48E of the Internal Revenue Code.
The potential fallout could be significant for Louisiana.
The UL Lafayette report found the solar industry supported 5,100 jobs in the state in 2023, with a combined labor income of $319.4 million and a value-added impact of $441.5 million to the state’s GDP.
State and local governments collected $27 million in tax revenue from solar-related activities — $17 million in state taxes and $10 million in local taxes.
Installation and project development accounted for the largest share of employment, supporting 4,000 jobs and generating over $541 million in economic output. Wholesale trade and distribution, operations and maintenance, and manufacturing made up the remaining workforce.
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Author: Ray Hilbrich
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