Geothermal Saves $117 Million Per Year

California and Nevada are saving $118 million per year in generating geothermal energy. According to a new study by the Geothermal Energy Association, the reduction of pollutants leads to cost savings external to market considerations.

In the U.S., California leads the way in installed geothermal capacity with 2732.2 megawatts, and gets $87.5 million per year in externality benefits. Nevada comes in second with 517.5 megawatts, and $29.1 million in annual externality benefits.

Geothermal plants have a lower average life cycle emission rate than other power sources, making it come ahead of coal, natural gas, and nuclear plants.

Source: Green Tech Media

 

By Gaylen Davenport

This entry was posted in Blog, Renewable Energy and tagged , on by .

About Gaylen Davenport

Worldwide provides clients complete turnkey energy efficiency evaluation and solutions. Our focus is in energy saving measures that offer the most savings and financial incentives, creating a rapid return on investment. What sets Worldwide apart is our ability to design, install and certify our installations to qualify for the Federal tax incentives for energy efficiency, then provide the documentation necessary to secure the tax incentives. Worldwide has recently entered the renewable energy field at the request of several of our clients.

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