Expanding the Renewable Portfolio Standard for Michigan: a Study

University of Michigan Energy Institute / by Jeremiah Johnson , et al.
http://bit.ly/1B3PZDP

[Midwest Energy News] Michigan could expand its renewable energy portfolio standard to 25 percent over the next 10 years at a cost of $2.60 a month for the average household, according to a report released today by the University of Michigan’s Energy Institute.

That price tag could be cut in half if key federal tax credits are extended, the report’s authors say.

That price tag could be cut in half if key federal tax credits are extended, the report’s authors say.

The state is on pace to meet a 10 percent goal by the end of this year, based on a 2008 state law. Michigan lawmakers and the governor’s office have been planning what to do next in terms of clean energy goals and are expected to propose policy changes this year.

The University of Michigan report projects costs under three different scenarios compared to a business as usual model: 20 percent by 2030, 25 percent by 2025 and 40 percent by 2035. The 2030 goal would cost the average household $1.70 a month, or less than 2 percent of the customers’ bill. The most ambitious 2035 goal would cost the average household $6.70 a month…

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