Key Highlights
- Women represent approximately 30% of the solar industry workforce as of 2023
- Only 22% of STEM workers in the renewable energy sector are women
- Minority representation in the solar industry workforce is around 18%
- The percentage of Black professionals in the solar sector is approximately 7%
- Hispanic/Latino workers account for roughly 14% of the solar industry workforce
- The median salary for women in the solar industry is 12% lower than their male counterparts
- Companies with active diversity and inclusion initiatives are 35% more likely to report higher financial returns
- 65% of solar industry companies have implemented D&I training programs
- Minority-owned businesses in the solar sector account for approximately 10% of the total industry contracts
- Only 8% of executive leadership positions in solar companies are held by women
- 20% of solar company boards have at least one woman member
- Less than 5% of solar industry investment funding is allocated to minority-led startups
- 45% of entry-level solar industry jobs are held by individuals from underrepresented groups
Despite only 30% of the solar industry workforce being women and minorities comprising just 18%, the sector’s growing commitment to diversity, equity, and inclusion is proving essential for innovation, industry sustainability, and better financial performance.
Corporate Practices and Leadership
- 70% of renewable energy companies report assigning a dedicated D&I officer or team
- Companies with diverse boards are 50% more likely to outperform less diverse competitors in the renewable sector
Corporate Practices and Leadership Interpretation
Economic and Salary Data
- The median salary for women in the solar industry is 12% lower than their male counterparts
Economic and Salary Data Interpretation
Industry Participation and Growth
- The number of minority-led solar startups increased by 22% between 2021 and 2023, indicating growing entrepreneurial diversity
Industry Participation and Growth Interpretation
Representation and Demographics
- Women represent approximately 30% of the solar industry workforce as of 2023
- Only 22% of STEM workers in the renewable energy sector are women
- Minority representation in the solar industry workforce is around 18%
- The percentage of Black professionals in the solar sector is approximately 7%
- Hispanic/Latino workers account for roughly 14% of the solar industry workforce
- Minority-owned businesses in the solar sector account for approximately 10% of the total industry contracts
- Only 8% of executive leadership positions in solar companies are held by women
- 20% of solar company boards have at least one woman member
- Less than 5% of solar industry investment funding is allocated to minority-led startups
- 45% of entry-level solar industry jobs are held by individuals from underrepresented groups
- The average age of professionals in the solar sector is 42 years old, indicating a need for greater diversity among younger demographics
- Schools with higher socioeconomic statuses are more likely to offer solar energy programs, limiting access for low-income students
- Only 12% of solar installation contractors are minority-owned businesses
- 75% of solar jobs are in the installation and maintenance sectors, which have lower diversity levels
- Only 2% of solar industry workforce programs focus specifically on training women and minorities
- Asian Americans constitute about 10% of the solar workforce, with some companies reporting higher percentages
- 33% of solar industry internships are filled by students from minority backgrounds
- The representation of LGBTQ+ individuals in the solar industry is estimated at 5%, with most companies lacking specific inclusion policies
- Only 15% of solar industry mentorship programs are targeted toward underrepresented groups
- Women hold approximately 25% of managerial positions in the global solar industry, up from 15% in 2015
- Only 3% of solar industry patents are held by women or minorities, indicating underrepresentation in innovation pursuits
- Solar energy access disparities are most pronounced in rural low-income communities, where only 10% have affordable access
- The number of multiracial professionals in the solar sector increased by 28% between 2020 and 2023, indicating growing racial diversity
- Solar industry workforce demographic data shows that 12% of employees identify as disabled, with many companies lacking accommodations
- 18% of solar energy training program participants are women, highlighting gender disparities in technical education
Representation and Demographics Interpretation
Workforce Diversity and Inclusion Metrics
- Companies with active diversity and inclusion initiatives are 35% more likely to report higher financial returns
- 65% of solar industry companies have implemented D&I training programs
- Women-led companies in solar are 40% less likely to be funded compared to male-led firms
- 58% of solar industry professionals believe that increasing diversity is essential for industry growth
- 50% of solar companies report difficulty in recruiting diverse talent
- The retention rate of minority employees in solar is 20% lower than that of majority employees, indicating need for better inclusion practices
- 80% of women in solar report experiencing gender bias or discrimination at least once
- 60% of survey respondents believe that DEI initiatives have positively impacted team collaboration in solar companies
- 40% of women in the solar industry are considering leaving their roles due to workplace culture issues
- Generation Z individuals are 30% more likely to pursue careers in renewable energy if workplaces demonstrate strong DEI commitments
- The percentage of companies implementing DEI-specific hiring goals increased from 32% in 2020 to 68% in 2023
- 25% of solar industry employees believe that lack of diversity and inclusion hinders innovation
- There is a 15% higher retention rate for organizations with active DEI policies, demonstrating the importance of inclusive workplace culture
- 80% of solar industry events now include sessions or panels focused on diversity and inclusion, up from 45% in 2019
- 52% of solar industry executives agree that diversity initiatives are essential for long-term industry sustainability
- Inclusive hiring practices increased minority hiring by 20% over two years in certain solar firms
- The average time to fill a diversity-focused role in solar is 35 days longer than other technical positions, reflecting challenges in sourcing diverse talent
- 41% of solar workers have taken part in DEI training sessions, with positive correlations to job satisfaction
Workforce Diversity and Inclusion Metrics Interpretation
Sources & References
- Reference 1NRELResearch Publication(2024)Visit source
- Reference 2IRENAResearch Publication(2024)Visit source
- Reference 3SEIAResearch Publication(2024)Visit source
- Reference 4WHITEHOUSEResearch Publication(2024)Visit source
- Reference 5MCKINSEYResearch Publication(2024)Visit source
- Reference 6USCHAMBERResearch Publication(2024)Visit source
- Reference 7POWERMAGResearch Publication(2024)Visit source
- Reference 8CEOACTIONResearch Publication(2024)Visit source
- Reference 9TECHCRUNCHResearch Publication(2024)Visit source
- Reference 10ENERGYResearch Publication(2024)Visit source
- Reference 11VOXResearch Publication(2024)Visit source
- Reference 12WWW ENERGYResearch Publication(2024)Visit source
- Reference 13HOROWITZFREEDMANResearch Publication(2024)Visit source
- Reference 14ASIANSINFECTResearch Publication(2024)Visit source
- Reference 15CLEANTECHCOMICSResearch Publication(2024)Visit source
- Reference 16HRResearch Publication(2024)Visit source
- Reference 17SEIResearch Publication(2024)Visit source
- Reference 18ENERGYTECHResearch Publication(2024)Visit source
- Reference 19SOLARPOWERWORLDONLINEResearch Publication(2024)Visit source
- Reference 20HBRResearch Publication(2024)Visit source
- Reference 21PATENTSResearch Publication(2024)Visit source
- Reference 22ENERGYPOLICYResearch Publication(2024)Visit source
- Reference 23BROOKINGSResearch Publication(2024)Visit source
- Reference 24EVENTBRITEResearch Publication(2024)Visit source
- Reference 25ADAResearch Publication(2024)Visit source