Renewable Energy & Sustainability Heroes by GineersNow Engineering GineersNow Engineering Magazine Issue No. 017, Ren | Page 11

Subsidies in
Wrong Places
Affect Renewable
Energy
As the cost of power production
has fallen, it is the same for the
demand for electricity.
Renewable energy has been increasing
incredibly. Wind power and solar power
share of the total U.S power generation has
increased from 0.5% in 2005 to 5% in 2015.
This growth shows both the innovation that
has been lowering the costs and different
subsidies
which
include
accelerated
depreciation, tax credits and grants, loan
guarantees, and state renewable power
mandates.
Renewable energy’s value is usually lower
because