With 2020 being a year full of relentless uncertainty, the nation’s renewable energy industry experienced exponential and record-breaking growth. Thanks to friendly federal policies, including extended investment tax credits and increasing demand, the solar industry is set to have record breaking years until 2024.
The recent 93rd General Assembly required renewable energy advocates to work overtime to ensure that Arkansas’s electric future is protected. The Arkansas Advanced Energy Association (AAEA) was victorious in their fight against House Bill 1055 and Senate Bill 23, which would have authorized electric cooperative corporations to self-regulate without the oversight of the Arkansas Public Service Commission. Another win was seen with House Bill 1787, which would have allowed electric utilities to skirt current net-metering rules set by the PSC.
President Biden’s American Jobs Plan enhances global competition in the U.S. EV market, incentivizes buying American-made EVs and the creating of 500,000 EV chargers by 2030.
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