A new federal report shows that solar energy has the potential to power 40% of US electricity by 2035 — without raising costs for consumers.
The Solar Futures Study from the Department of Energy, released Wednesday, shows that by 2035, solar energy has the potential to power 40% of the nation's electricity and employ as many as 1.5 million people — without raising electricity costs for consumers.Though the report shows reaching 40% solar is possible, that goal is contingent on Congress passing legislation that incentivizes renewable energy as well as the widespread adoption of solar power.
The DOE study estimates that wind power could make up 36% of the grid, nuclear could account for around 13%, hydroelectric could make up around 5-6%, and geothermal could account for the remaining 1%. Still, whether that renewable energy transition can happen depends on the amount of tax credits Democrats in Congress can pass in their upcoming budget reconciliation bill.
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