Consumer Benefits of Clean Energy: Renewable Energy
Meeting national and state decarbonization goals requires a transition to clean energy technologies. Energy efficiency, demand flexibility, renewable energy and storage can reduce consumers’ electricity bills, lower total electricity system costs, and provide health and resilience benefits. Berkeley Lab developed a series of briefs that explore these consumer benefits of a clean energy transition. This brief discusses some of the possible consumer benefits of utility-scale and behind the meter renewable energy, with a focus on how these resources can contribute to a low-cost electricity system. It begins with a literature review of modeled impacts, primarily considering consumer benefits, of the Inflation Reduction Act and Bipartisan Infrastructure Law. Next, it discusses how utility-scale renewable energy can contribute to a low-cost electricity system (e.g., in some cases, low resource costs relative to other alternatives). It concludes with a discussion of behind-the-meter renewable energy consumer benefits (e.g., reduced host electricity bill, increased property value, resilience).