With renewable energy sources becoming increasingly popular and cost-effective, the United States is undergoing a green energy revolution. From solar and wind power to hydroelectric and geothermal energy, the country is seeing a significant shift towards cleaner and more sustainable forms of power generation. Let’s take a look at the numbers behind the green revolution in the US and explore the factors driving this shift.
According to the Energy Information Administration (EIA), renewable energy sources made up 11% of the total energy generated in the US in 2020. Of this, solar and wind power accounted for the majority, with 7% and 4% respectively. Hydroelectric and geothermal energy made up the remaining 0.4%. While these numbers may seem small, they represent a significant increase from just a decade ago, when renewable energy sources made up only 6% of the total energy generated in the US.
One of the main factors driving the growth of green revolution in the US is the falling cost of the technologies. In the past decade, the cost of solar and wind power has dropped dramatically, making it more competitive with traditional forms of power generation. According to the EIA, the cost of solar power has fallen by over 80% since 2010, while the cost of wind power has fallen by over 60% over the same period. This has made it more economically viable for utilities and businesses to invest in renewable energy projects.
Another factor driving the green revolution in the US is government policy. At the federal level, the government has set ambitious targets for energy generation and has provided incentives for companies to invest in green energy projects. State governments have also played a role, with many states setting their own renewable energy targets and offering incentives to encourage the adoption of clean energy.
This revolution in the US is also being driven by consumer demand. More and more people are becoming aware of the environmental impact of traditional forms of power generation and are choosing to invest in new options. According to a survey conducted by the Pew Research Center, over 70% of Americans believe the US should prioritize the development of new techs.
Despite the progress made in the US in recent years, there is still a long way to go before the country reaches its full potential in terms of green energy generation. However, the numbers clearly demonstrate that the US is on the right track and that the revolution is well underway.
The US renewable energy industry is expected to grow exponentially in the next 10 years, with Solar and wind energy likely to witness the highest growth. The Government has set a target to generate 20% of its electricity from renewable sources by 2030. The green energy revolution is on the rise, this is the perfect time for businesses to invest in renewable energy projects.
The green energy revolution in the US is being driven by a combination of falling technology costs, government policy, and consumer demand. With renewable sources becoming increasingly popular and cost-effective, it is clear that the country is undergoing a significant shift towards cleaner and more sustainable forms of power generation. Stay tuned for more updates and news on the green energy revolution in the US.