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Without a whole lot of government regulations/incentives renewables have been going gangbusters in the US. Heck, there were even renewable disincentives put in
by cogman10 4y ago
Without a whole lot of government regulations/incentives renewables have been going gangbusters in the US. Heck, there were even renewable disincentives put in the form of tariffs.
The reason is pretty simple, renewables have had a pretty rapid decrease in cost/kwh.
https://www.irena.org/publications/2021/Jun/Renewable-Power-Costs-in-2020 https://www.irena.org/publications/2021/Jun/Renewable-Power-...
It's now some of the cheapest power on the market.
A lot of the talking points about renewables being expensive is based on dated information. Tech and time has changed the nature of power generation.
Far from hurting businesses, the switch to renewables is a competitive advantage. It reduces the cost of power generation. Renewables are a key reason the PNW has some of the cheapest electricity in the US. Further, it stabilizes prices. Renewables have a very steady cost structure because there's not secondary (fuel) market impacting price.