Renewables cheaper than coal

According to new analysis conducted by Energy Innovation, once you factor in the clean energy tax credits in the Inflation Reduction Act, the energy supplied by 99% of U.S. coal plants would be cheaper if those plants were shut down and replaced with wind farms or solar fields.

“The sheer abundance of America’s clean energy resources coupled with declining costs of harnessing that energy should give policy makers the confidence to set their sights on a future powered entirely by renewables,” said Johanna Neumann, Senior Director, Campaign for 100% Renewable Energy, Environment America Research & Policy Center.