US Solar Targets Could Save Americans $20 Billion Annually By 2050

A billion here, a billion there, and soon you're talking real money.

From Clean Technica:

Solar energy could supply one-third of all electricity demand in the Western US by 2050 while and massively cutting emissions – if the Department of Energy’s (DOE) SunShot Initiative succeeds.

Researchers made the bold prediction in “SunShot Solar Power Reduces Costs and Uncertainty in Future Low-Carbon Electricity Systems,” a study released this week by the University of California at Berkeley.

Using a detailed computer model that considered potential cost reductions through the SunShot Initiative and potential effects of proposed emissions reduction policies, the study found if DOE achieves its goal of reducing the cost of solar to $0.06 cents per kilowatt-hour to reach grid parity, it will displace natural gas, nuclear, and clean coal technologies while reducing emissions 80% below 1990 levels.