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