crednews is the original content division of cred.ai

the original content division of cred.ai

U.S. Department of Energy Eyes Significant Shift Toward Solar Power by 2035

U.S. Department of Energy Eyes Significant Shift Toward Solar Power by 2035

The federal government is placing renewed focus on solar energy, which could come to provide as much as 40 percent of the nation’s electricity over the next 15 years, according to a new report from the U.S. Department of Energy (DOE).

In order to reach that goal, however, an average of 30 gigawatts of solar capacity would need to be installed each year between now and 2025, followed by 60 gigawatts annually from 2025-2030 – four times the current rate, according to the Associated Press.

Whether or not the U.S. proves capable of meeting those benchmarks, the DOE anticipates a marked increase in solar installation even “without a concerted policy effort.” Citing lower costs for solar panels, the study said that “market forces and technology advances will drive significant deployment of solar and other clean energy technologies as well as substantial decarbonization.”

In the aftermath of Hurricane Ida, President Biden reaffirmed his administration’s commitment to combat climate change, which he described as “everybody’s crisis.”

“We can’t turn it back very much, but we can prevent it from getting worse,” Biden said. “We don’t have any more time.”

Solar power currently represents just over three percent of the country’s power supply, according to DOE officials. That number must increase at least fourfold to even begin to address the threat posed by the climate crisis.

To get there, the federal government will have to spend billions of dollars updating the electric grid nationwide. Other financial considerations include the cost of solar panels, which depends on size, local power prices, and whether they are purchased or leased, according to CNBC.

 

share this story

© crednews a division of cred.ai

cred.ai originals

latest posts

Hurricane Helene has dealt a staggering blow to states across the Southeast. Now regarded as one of the deadliest storms in recent history, Helene made landfall in Florida’s Big…
Google is tightening its grip on fake reviews, signaling a clear intent to preserve the credibility of its platform. As businesses increasingly turn to underhanded tactics—like posting fake reviews…
Social media platforms like TikTok and Instagram have become increasingly popular sources of financial advice, especially among younger generations. But taking money tips from these apps? Not always the…
The notion that popularity diminishes the value of art has long been a point of contention. Modern icons like Taylor Swift, however, challenge this idea. Swift’s current Eras tour,…

view the code through your phone’s camera
app and click the link that appears.
click the  X  or “esc” to close.