Elizabeth Miglin | September 8, 2021
The Biden administration announced plans to produce half of the nation’s electricity through solar power by 2050, on Wednesday.
Last year, solar energy provided less than 4 percent of the country’s electricity, now the administration aims to raise production to 45 percent. A new report by the Department of Energy argues the U.S. must quadruple annual solar installations by 2025 in order to reach the administrations’ goal of decarbonizing the power sector.
Pressure to expedite the transition off of fossil fuels has increased due to recent natural disasters across the country, including Hurricane Ida in New Jeresy and New York, which have highlighted weaknesses in the current energy system.
With the cost of solar panels dropping over the last decade, solar has become one of the cheapest sources of energy for much of the U.S. The reduced costs has boosted the solar and wind energy market where growth has exceeded government and independent analysts predictions. In culmination, a U.S. Energy Information Administration report projects renewable energy sources will share 42% of the U.S. electricity mix by 2050 at our current growth rate.
Additionally, the administration hopes to reduce net emission from the power sector to zero by 2035, add hundreds of offshore wind turbines and ensure half of all new cars sold are electric by 2030.