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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