As renewable energy becomes more widely adopted throughout the United States, it is worth pausing to take stock of the economic benefits associated with increased levels of solar, wind and other renewable energy resources. From providing lower cost electricity to generating reliable, local jobs and to avoiding costly externalities associated with emissions from burning fossil fuels, renewable energy is an economic boon.
More than thirty states in the United States currently have renewable energy policies. Most of these goals, targets, and mandates allow for compliance from a range of different types of renewable energy technologies. In a few cases, however, states have included a technology-specific mandate as a part of their renewable energy policies. One such policy mechanism is a solar carve-out.
In this week’s Solar News roundup, renewable energy is set to outproduce coal for the first time in April and May, and Tesla begins offering solar panel installations below market averages.
Since Hawaii became the first state in the country to pass a 100 percent renewable energy target in 2015, a number of other states, cities and utilities have followed suit. In fact, more than a dozen states and US territories have gotten in on the action with targets to procure all of their electricity from either renewable or non-emitting resources. As new states pass legislation, we will be sure to keep this list up to date.
Not every property is suitable for solar panels. However, that does not mean that you won’t be able to generate clean energy on your property. One renewable energy technology that’s becoming an increasingly popular alternative for homeowners looking to generate their own clean electricity is small wind turbines.
Following the 2018 elections, there has been a flurry of state-level action on climate change and clean energy to begin the new year. Outside of proposals at the federal level for a Green New Deal, many states are proposing and passing a suite of climate-related legislation, from emission reduction goals to clean energy procurement targets. Perhaps the most common policy instrument for growing clean energy at the state level is the renewable portfolio standard (RPS).
In today’s current era of renewable energy targets, action is not just limited to political entities such as the federal government, states or individual cities. In fact, many corporations are getting in on the act by promoting corporate sustainability programs or contracting directly with renewable energy developers to build solar and wind farms specifically for their company. As the solar and wind industries continue to grow, corporate renewable procurement and targets will play a substantial role in driving renewable energy to greater and greater heights.