Renewable energy comes from solar, wind, hydro (water), geothermal, biomass and biofuels. Demand for renewable energy in the market is growing. Although there are many existing large-scale projects, renewable energy technologies are also very suitable for small-scale applications. Renewable energy sources are generally sustainable and, in a sense, do not run out. Compared with fossil fuels, their environmental and social impacts are considered neutral.
The $500 million investment and production tax credit will expire on December 31st and Congress will not need to renew. Many experts said that renewable energy projects will not be completed without these important tax credits. Therefore, even if presidential candidates and most legislators talk about renewable energy technologies as part of solving the world's growing energy shortage and global warming issues, Congress may also place renewable energy companies at risk.
Solar Energy Industry Association stated that due to the uncertainty of the Congress, 20 utility-scale solar power plants are at risk for providing energy to millions of households. Fundamentally, investors want a tax credit before investing in multi-million dollar projects.
Investment in clean energy technologies such as solar, wind, hydroelectric, micro-water conservancy, biomass and biofuels will reduce the demand for fossil fuels for electricity, reduce US dependence on foreign oil, and create high-tech work and Improve the environment.
The green energy path following renewable energy technologies is part of the United States' long-term survival as a nation.
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Orignal From: What is renewable energy?
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