The state’s renewable energy industry has released its annual report on the economic benefits of alternative power sources, which it uses as ammunition against legislative opposition to subsidizing solar, wind and livestock waste methane.
The N.C. Sustainable Energy Association once again commissioned RTI International to do an independent study. The study found that the state law requiring power companies include renewable energy sources of power, besides fossil fuel, pays off.
The law, enacted in 2007, was the target of some conservative state legislators last year who view the portfolio requirement as unfair government subsidies. But other Republican lawmakers said the law has helped develop an alternative energy industry that has benefited rural communities, and they pointed out that the government already subsidizes traditional energy.
As a result of the standoff, a bill repealing renewable energy tax credits died in committee.
Here are the new report’s findings:
Here’s the whole report.