The roadmap to fight climate change and rebuild our economy: Analysis finds that we could transition to clean energy by 2050 while providing $473 billion in savings and creating more than 2 million local jobs
By Lynn Jurich, co-Founder and CEO, Sunrun
For years I’ve advocated for deploying distributed energy resources to power America’s grid with clean energy and drive down costs. Now, there’s proof that doing so will save people hundreds of billions of dollars over the next three decades. It’s a bold vision, but one that I know we can achieve. These are among the core findings of the report, which was issued by Vote Solar, the Coalition for Community Solar Access, and Sunrun.
The new analysis released today shows that expanding local solar and storage will save people as much as $473 billion by 2050 across the United States. The analysis finds that deploying at least 247 GW of local rooftop and community solar on the grid would be the most cost-effective way to transition to a clean energy system by 2050. It is also the most cost-effective way to reach 95% emission reductions from 1990 levels. A clean electric grid that leverages expanded local solar and storage is $88 billion less expensive than a grid that does nothing different than we're doing today
Last week on Thanksgiving Day, just as millions of Americans were preparing dinner, more than 8,000 homes lost power in Southern California to reduce the risk of wildfires. We can prevent outages like this by deploying more solar and home batteries, and aggregating them together.
Expanding local solar and storage on the distribution system reduces the need for power plants that only run on peak power days. It also better manages and reduces demand on the distribution system by offering more local energy products that customers want, which can increase grid resilience and reduce overall costs on the distribution and transmission grid.
Sunrun has more than 500,000 customers across the United States, 13,000 of whom already use our home battery product, and demand continues to grow as customers seek reliable and affordable power. In California, these batteries reduce the load on our electric grid, while also providing backup power when the grid fails. These dual benefits are fantastic, but our systems could do even more if properly coordinated.
The analysis shows us that with regulatory innovation and leadership, we can reap economic, social, and environmental dividends for future generations. Let’s get to work.