Will Biden's Solar Energy Plans Affect Real Estate?

·4 min read

The Biden Administration has actively advocated their intent to reduce carbon emissions. Earlier this year, the White House announced an initiative to have at least 50% of all cars on the road emission-free by 2030 as a part of the greater goal of reducing carbon emissions by 50% from 2005's levels. On September 8, 2021, the U.S. Department of Energy Solar Energy Technologies Office (SETO) and the National Renewable Energy Laboratory (NREL) released a Solar Futures Study stating that as much as 40% of the energy being produced in the U.S. could be supplied by solar energy by 2035.

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