As The United States moves forward under new leadership, it’s essential to understand what that vision looks like for solar and renewable energy. One of President Biden’s key issues will be addressing climate change. He has promised to combat climate change throughout his campaign and repeatedly addressed the urgency and responsibility that he, Congress, and all the American people will have before them. Let’s take a closer look at Biden’s ‘Build Back Better’ plan about solar energy.
What to Expect
The climate crisis is a top priority for the incoming administration. This is welcoming news for the solar community, as the plan includes investing $2 Trillion into prioritizing renewable energy, reducing emissions, and curbing pollution. These are the significant steps the new regime will be embarking on. According to the campaign website, the plan will:
“Make a historic investment in clean energy and innovation. Biden will invest $400 billion over ten years, as one part of a broad mobilization of public investment, in clean energy and innovation. That investment is twice the investment of the Apollo program, which put a man on the moon, in today’s dollars. He will also establish ARPA-C, a new research agency focused on accelerating climate technologies. Additionally, he will work with Congress to enact in 2021, President Biden’s first year in office, legislation that, by the end of his first term, puts us on an irreversible path to achieve economy-wide net-zero emissions no later than 2050. The legislation must require polluters to bear the full cost of the carbon pollution they are emitting.”
The task is difficult and arduous, but he hopes to reduce emissions to zero by no later than 2050. It will take the global community to come together, but America intends to lead the way as it has done countless times before.
The solar community can look forward to this policy platform. All of these ideas and plans will come together to accomplish the goal of creating a sustainable world. The United States Environmental Protection Agency shares that, “Carbon dioxide (CO2) makes up the vast majority of greenhouse gas emissions from the sector, but smaller amounts of methane (CH4) and nitrous oxide (N2O) are also emitted. These gases are released during the combustion of fossil fuels, such as coal, oil, and natural gas, to produce electricity.” The Biden campaign says the plan to move away from fossil fuels includes,
“aggressive methane pollution limits for new and existing oil and gas operations; developing rigorous new fuel economy standards aimed at ensuring 100% of new sales for light- and medium-duty vehicles will be zero emissions and annual improvements for heavy-duty vehicles; protecting America’s natural treasures by permanently protecting the Arctic National Wildlife Refuge and other areas.”
These plans will directly affect the solar community. The dependency on fossil fuels will deteriorate while our reliance on solar energy will subsequently explode. This administration is emphasizing renewable energy. Biden’s Build Back Better Plan embodies this transition.
$2 Trillion Plan
“When I think about climate change, the word I think of is ‘jobs.’” Those were President Joe Biden’s words when referring to his extensive $2 Trillion- Build Back Better- plan. According to Katie Glueck and Lisa Friedman of the New York Times, President Biden will “spend $2 trillion over four years to significantly escalate the use of clean energy in the transportation, electricity and building sectors, part of a suite of sweeping proposals designed to create economic opportunities and strengthen infrastructure while also tackling climate change.” Millions of jobs are expected to be created through this transition to a cleaner, greener America. Renewable Energy could very well become the backbone of our economy, just as the increasingly antiquated fossil fuel industries once were.
Renewable energy will be put at the forefront when addressing infrastructure, transportation, and the residential sector. Biden plans on investing in accelerating research for renewable energy and its batteries. This same investment will spark the conversion to solar and wind power. According to Biden’s website, this plan will:
“Upgrade 4 million buildings and weatherize 2 million homes over four years, creating at least 1 million good-paying jobs with a choice to join a union; and also spur the building retrofit and efficient-appliance manufacturing supply chain by funding direct cash rebates and low-cost financing to upgrade and electrify home appliances and install more efficient windows, which will cut residential energy bills. It will spur the construction of 1.5 million sustainable homes and housing units.”
This commitment to upgrading and building sustainable energy homes will be a massive boon for solar companies. There has never been a better time to go solar than right now.
This effort to push for a sustainable future has the potential to revitalize the economy post-pandemic. It was only a month ago that Congress passed an extension on the ITC investment tax credit. It has been a significant contributor to the growth of solar installations. Biden will look to build on this growth. One such way will be to invest in solar projects for federal property. He also plans on investing in more charge ports across America. The solar industry will capitalize. The outlook for solar photovoltaic panel installers is higher than it has ever been. The U.S. Bureau of Labor Statistics projects “that Solar Photovoltaic (PV) Installers will grow 51 percent from 2019 to 2029, much faster than the average for all occupations.” Solar will continue to grow. Demand will increase, businesses will have to hire, and solar will only continue to become more affordable. If you’re thinking about making the switch to solar, contact us for a free quote here. There truly isn’t a better time to go solar than now. Join your fellow Americans by stepping forward into a sustainable future.