Renewable Portfolio Standards, Pushing Utilities to Promote Clean Energy

A variety of factors, including global warming and a recent spike in energy costs, have pushed several U.S. states to adopt Renewable Portfolio Standards (RPS). These standards have been the biggest catalyst behind the ever-accelerating clean energy movement. Essentially, they require a state’s utilities to generate a certain percentage of their electricity from renewable sources such as solar, wind, geothermal, tidal, and other sources apart from conventional fossil-fueled technologies.

Promoting Clean Energy

As of yet, no one technology has come to dominate the field. That is why states are developing a portfolio of clean energy sources. RPS’s are effective because they push utilities to promote clean energy through rebates, loans, and other incentives. Furthermore, many states offer their own government-issue incentives in the form of rebates and tax incentives. Fortunately for we solar enthusiasts, the United States is, overall, a very sunny place and, for this and many other reasons, solar is becoming a dominant force as states try to achieve their standards. (more…)

Renewable Portfolio Standards, Pushing Utilities to Promote Clean Energy