Renewable Energy Price Plummet a Win-Win for Economy and Environment
For years, renewable and clean energy critics have commonly used a standard line of attack; you have to either choose between the environment or the economy when committing to renewable energy development. Opponents claim that in order to commit to a clean, healthy environment, our economy's growth will be stifled. Nothing could be further from the truth, especially now that solar and wind energy prices have plummeted in recent years, not only in Nevada, but also throughout the world according to Bloomberg New Energy Finance.
Prices are set to fall even further as we move toward the Clean Power Plan target date of 2030, where US residents will save up to $45.8 billion on their home electricity bills according to Georgia Institute of Technology.
In Nevada, our state leaders have committed more than $6 billion in renewable energy project investments since 2010. As a result of that investment, we have been the benefactors of a healthy, growing, clean energy economy and the creation of thousands of new, high-paying renewable energy jobs. We recently witnessed First Solar agree to a power purchase agreement with NV Energy for the cheapest utility-purchased energy ever at 3.87 cents per Kilowatt-hour. Installing a photovoltaic energy system on your business or home rooftop has become more attainable and affordable. As prices continue to drop for rooftop solar installation, choosing clean energy to power your home or business will increasingly make unequivocal economic sense. Nevada has known for a while what the rest of the country and world is realizing; renewable energy is a win-win as the best bet for the future of our planet and our pocketbooks.