Michigan would have 10,540 fewer jobs in 2025 if Proposal 3 passes in November, according to a new study on the renewable energy mandate proposal.

The study, done by the Mackinac Center for Public Policy and the Beacon Hill Institute in Massachusetts, also concluded that Prop 3 would lower disposable income in Michigan by $1.42 billion; reduce net investment in the state by $147 million and impose net costs on the Michigan economy of $2.55 billion.

"Our study also indicates that even if voters reject Proposal 3, Michigan residents will still bear some of these costs," David Tuerck, one of the study’s authors from the Beacon Hill Institute, said in a release. "Michigan already has a 10 percent renewable energy standard in effect, and our economic modeling indicates that it, too, has substantial net economic costs for the state, not benefits."

Stay Engaged

Receive our weekly emails!

Cost estimates for Prop 3 were not included in a study coordinated by the Michigan Environmental Council and Michigan State University that has been widely — and inaccurately — quoted for the number of jobs the mandate will create. The study said Prop 3 would create 74,000 job years, but many in the media have continued to report that as the number of actual jobs. The difference is significant. One job held for 20 years is 20 job years, but still only one job.

Proposition 3 would add to the state constitution a mandate that Michigan produce 25 percent of its energy from renewable sources by 2025.

If the proposal passes, conventional energy sources will need to be kept on standby because of the intermittent source of wind in the state, the study concluded. It also will be costly for residents and businesses.

Residential electricity users could expect to pay between $170 and $190 in 2025 for the mandate; industrial businesses could see costs between $49,730 and $55,680, according to the study.


Related Articles:

Renewable Energy is Not Cheaper After All

2016 Michigan Energy Roundup: Renewable Energy

False Assertions Abound about Green Energy Program

Price of Electricity Up 85 Percent Since 2001

DTE Produces Enough Wind Power To Run 24,000 Homes - But Part Of The Day Only

Trump’s Election Could Change Michigan’s Electricity Outlook

Stay Engaged

Simply enter your email below to receive our weekly email:

Facebook
Twitter

The Republican Party fully controls most states and at the national level has captured the House, Senate and presidency. By many measures, the party has more power than it has had in many decades. But will that control last? And, more importantly, what policy priorities are coming about from these political victories?

Related Sites