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The New Energy Outlook (NEO) is Bloomberg New Energy Finance’s annual long-term global forecast for the future of energy. Focused on the electricity system, NEO combines the expertise of over 65 in-house country and technology-level specialists in 11 countries to provide a unique assessment of how the market will evolve.
Solar energy is on the rise in the United States. At the end of the first quarter of 2015, more than 21,300 megawatts of cumulative solar electric capacity had been installed around the country, enough to power more than 4.3 million homes. The rapid growth of solar energy in the United States is the result of forward-looking policies that are helping the nation reduce its contribution to global warming and expand its use of local renewable energy sources.
As part of the federal government’s ongoing efforts to improve sustainability and reduce harmful carbon emissions, the U.S. Navy and General Services Administration (GSA) have announced plans to develop more than 10 megawatts (MW) of new solar facilities in the nation’s capital, building on progress already made through the launch of the Capital Solar Challenge. Today, nine percent of the federal government’s electricity comes from renewable energy sources, including solar, putting the White House on pace to reach its goal of 30 percent renewable energy use by 2025.
Federal tax policies have been an important driver for solar’s recent remarkable growth, but without action during the 114th Congress, the 30-percent investment tax credit (ITC) for solar and other clean energy technologies will expire at the end of 2016. This policy brief estimates the impacts that current law would have on the solar industry.
Analysis from the Energy Department's National Renewable Energy Laboratory (NREL) finds that by making shared solar programs available to households and businesses that currently cannot host on-site photovoltaic (PV) systems shared solar could represent 32 to 49 percent of the distributed photovoltaic market in 2020.
This policy brief estimates the impacts that current law would have on the solar industry. It also formulates several policy alternatives and estimates their effectiveness at mitigating the negative impacts of the investment tax credit cliff embedded within current law.
In their new report, the National Resources Defense Council delves into the impacts of the U.S. Environmental Protection Agency's proposed Clean Power Plan on more vulnerable communities.
By the end of 2014, the United States had 20,500 megawatts (MW) of cumulative solar electric capacity, enough to power four million average U.S. homes. This success is the outcome of federal, state and local programs that are working in concert to make solar power accessible to more Americans.
This list includes important trends regarding North America's clean energy RFPs in 2014.