Solar Could Provide 40% of U.S. Electricity by 2035, DOE Reports
Falling costs have boosted solar growth over the past decade, so reaching that 40% threshold would require less than $562 billion in federal investment along with supportive policy. For solar to comprise 50% of U.S. power, solar capacity would need to reach 1,600 gigawatts, more than the total electric consumption from residential and commercial buildings today.
The report "illuminates the fact that solar, our cheapest and fastest-growing source of clean energy, could produce enough electricity to power all of the homes in the U.S. by 2035 and employ as many as 1.5 million people in the process," Energy Sec. Jennifer Granholm said in a statement. Transitioning the U.S. economy to clean energy would bring an estimated economic benefit of $1.7 trillion, driven by reducing the health costs of air pollution.
As reported by The Washington Post:
The report by the Energy Department's Office of Energy Efficiency and Renewable Energy says the United States would need to quadruple its annual solar capacity — and continue to increase it year by year — as it shifts to a renewable-dominant grid in order to address the existential threat posed by climate change.
The report released Wednesday is not intended as a policy statement or administration goal, officials said. Instead, it is "designed to guide and inspire the next decade of solar innovation by helping us answer questions like: How fast does solar need to increase capacity and to what level?'' said Becca Jones-Albertus, director of the Energy Department's solar energy technologies office.
For a deeper dive:
- Renewable Resources Can Meet All U.S. Energy Needs - EcoWatch ›
- How Renewable Energy Could Power Your State - EcoWatch ›
- How Many Solar Panels Do I Need to Power my Home? - EcoWatch ›
- Germany Exceeds 50% Renewable Energy Use Milestone - EcoWatch ›