Rise of Renewable Energy Generation Expected to Continue

Between declining costs of renewable energy technology and continually increasing stigma associated with fossil fuel electricity generation, the forward outlook for renewable generation is very positive.  Additionally, the Tax Cuts and Jobs Act signed into law by President Trump at the end of 2017 maintained the tax credits associated with renewable energy generation, furthering the push towards increased renewable capacity in the United States.  According to a study by the National Renewable Energy Laboratory, renewable energy generation is capable of supplying up to 80% of the nation’s total electricity generation by 2050.

Read more about the growth of renewable electricity generation here:

 

https://www.nrel.gov/analysis/re-futures.html

https://www.ucsusa.org/clean_energy/smart-energy-solutions/increase-renewables/renewable-energy-80-percent-us-electricity.html#.WtC-I0xFzng

https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/renewable-energy-outlook.html

https://www.natlawreview.com/article/impact-final-tax-reform-legislation-historic-tax-credit-new-markets-tax-credit-low

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