The Department of Energy predicts that solar power could account for up to 40% of US electricity production nationwide by 2035, an increase of more than ten times from today, with better incentives for renewable energies.
In one note Released Tuesday, department officials cite a National Renewable Energy Laboratory pre-release study indicating that solar power would need to grow at a rate of 300 to 400 percent to reach that point. With this level of acceleration, the memo said, solar production could rise from 3% today to over 40% over the next 14 years.
The note identifies a number of strategies that officials say could advance this goal, including clean energy tax credits, investments in grid and transmission lines, and increased deployment in communities across the country. low income.
“Achieving these goals will require billions of investments and market opportunities through 2050 in clean energy production, energy storage, power delivery, operation and maintenance. – including in low-income and community solar, ”the memo reads. “Investments that reduce both the hardware and indirect administrative costs of solar power will save consumers thousands of dollars on their home systems and lower their utility bills.” “
The note comes the week after the Senate passed a $ 1 trillion infrastructure plan that includes measures to modernize the network. In the meantime, the White House has pledged to take further steps to encourage renewable and solar energy. A separate $ 3.5 trillion reconciliation program would allocate $ 198 billion to the Energy and Natural Resources Committee, but does not specify individual uses.
Separately, the Biden administration is pushing for an extension of a 26% tax credit, to which solar energy projects are currently eligible. White House Climate Advisor Gina McCarthyGina McCarthyThe Hill 12:30 pm Report – Presented by Mastercard – Democrats put gas on Biden’s agenda Hill’s Morning Report – Presented by Charter Communications – Tornado fatalities high; Chris Wallace shocks Overnight Energy & Environment – White House announces new climate office MORE said in July that if a clean energy standard is not passed in the infrastructure or in the reconciliation package, “we have a lot of regulatory authorities that we intend to use, no matter what. in itself, and we will move forward with these efforts to try to fight against the climate crisis. “