Solar energy is the hope for the future for many environmentalists, but it is also becoming the hope for many as the cure for economic inequality.
During his campaign for presidency, President Obama laid out his intention to spread the wealth, but inequality has continued to increase. In fact, the U.S. median household income in June 2013 was 4.4% below where it was in June 2009. Meanwhile, the top 1% of wealthy Americans continues to pocket the growth.
How does the use of solar panels help with this? As the technology used to access solar energy improves and the cost decreases, the potential for massive economic growth increases. The total solar energy hitting Earth each year is equivalent to 12.2 trillion watt-hours. That’s over 20,000 times more than the total energy that all of humanity consumes each year, more in one year than the total quantities of fossil fuels that have yet to be extracted. That is a source of fuel for an awesome amount of potential growth.
The logical result of solar energy being cheaper than oil, coal and natural gas is the decline in energy costs. Individuals who are struggling to pay the costs passed down the chain to consumers due to the expense associated with fossil fuel extraction, will feel the relief. The benefits of solar panels can be obtained by anyone, not to the limited few who own a coal mine or oil well.
Imagine the savings citizens would enjoy if they owned an independent energy supply that powered their lights, computers and even electric cars. With inexpensive, decentralized energy, it is possible for a signficiant distribution of the wealth.
Some theorists have compared solar energy as a modern and non-violent improvement on the 19th and 20th century movements of workers seizing factories and farms. Removing the control of energy from the hands of capitalists and placing it into the hands of the public could have a significant impact on the economy.
If you have any questions about the issues discussed, please contact me or the Scarinci Hollenbeck attorney with whom you work.
The SEC’s Latest Guidance on Applying Federal Securities Laws to Tokenized Securities
On January 28, 2026, staff of the U.S. Securities and Exchange Commission’s Divisions of Corporation Finance, Investment Management, and Trading and Markets issued a joint statement clarifying how existing federal securities laws apply to tokenized securities. The SEC’s “Statement on Tokenized Securities” does not establish new law, but it does provide greater clarity on the […]
Common Legal Mistakes NYC and New Jersey Business Owners Make
Operating a business in the New Jersey and New York City metropolitan region offers incredible opportunities, but it also requires navigating a dense and highly regulated legal environment. From entity formation to regulatory compliance, seemingly minor legal oversights can expose business owners to significant risk. In our work with businesses throughout the region, our attorneys […]
High-profile founder litigation is more than just a media spectacle. For startup founders, these cases underscore the legal and structural risks that can arise when rapid growth outpaces formal oversight. While launching a new company can be both an exciting and deeply rewarding endeavor, founders must be mindful that it also comes with significant risks. […]
Corporate Governance Reviews: A Practical Guide for New Jersey Companies
Every New Jersey company should periodically evaluate its governance framework. Strong corporate governance protects directors and officers, builds investor confidence, reduces litigation exposure, and positions a company for sustainable growth. The first quarter of the year is a great time to evaluate your corporate governance practices and perform any routine maintenance needed to keep that […]
What to Do After Being Served with a Lawsuit: Steps to Protect Your Legal Rights
Being served with a lawsuit is one of the most stressful legal events a business or individual can face. Whether the claim involves a contract dispute, an employment matter, an intellectual property issue, or another legal challenge, the actions you take in the first few days can significantly shape the outcome of your case. Acting […]
Will 2026 Be a Banner Year for SPACs? Understanding the Risks and Opportunities
Special Purpose Acquisition Companies (SPACs) continue to gain momentum as we move through 2026. After enduring a significant contraction following the 2021 boom and the regulatory scrutiny that followed, SPAC activity rebounded sharply in 2025 and now carries forward into 2026 with real momentum. The SPAC resurgence reflects broader improvements in both market conditions and the […]
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!
