In a promising shift towards sustainable energy, the U.S. Energy Information Administration (EIA) forecasts a significant rise in solar power's contribution to the nation's total generation. According to the latest Short-Term Energy Outlook, the solar share is set to increase to 5.6% in 2024 and 7% in 2025, up from 4.0% in 2023.
The EIA predicts that solar power will spearhead growth in electricity generation, with 36 GW and 43 GW of new solar capacity expected to come online in 2024 and 2025, respectively.
This anticipated surge reflects a broader trend towards cleaner energy sources, aligning with the commitment to a more sustainable future. As the U.S. seeks to diversify its energy portfolio, solar and wind generation are poised to play pivotal roles. The EIA forecasts an overall 3% growth in U.S. generation in 2024, with no change expected in 2025.
Notably, the growth of solar and wind comes at the expense of coal-fired power plants, which are anticipated to decrease by 9% in 2024 and 10% in 2025. This decline is attributed to the higher costs associated with coal compared to renewable sources and a planned retirement of 12 GW of coal-fired capacity.
Meanwhile, natural gas generation is projected to remain unchanged over the period from 2023.
For Roanoke Cooperative, this industry shift aligns with our commitment to sustainable and innovative energy solutions. As solar energy takes center stage in the nation's power landscape, we are proud to be part of a movement that embraces cleaner, more environmentally friendly options. Consider participating in programs such as:
· Upgrade 2 $ave program: Unlock savings by signing up for this exclusive program.
· Smart Home Technology: Embrace energy efficiency with WiFi-enabled thermostats and water heater controls.
· EV Home Charging Program: Join us in supporting sustainable transportation by participating in this initiative.
· Time-of-Day Rates: Optimize your energy usage and savings by leveraging our time-of-day rates.
· Participation in the Cooperative’s Legislative Agenda: Engage in shaping our cooperative's legislative priorities and processes.
Also, stay tuned for updates and details on our upcoming Earth Day Celebration to be held on April 19th - location, vendor details, food offerings, and more will be shared here and in our social media over the coming weeks.
