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Research - DECEMBER 14, 2017

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Technology advancements and cost declines make renewables competitive

by Andrea Waitrovich

Technology advancements and cost declines have made renewables competitive with conventional energy, giving consumers and businesses more clean energy options and pushing utilities to offer smarter, high-tech offerings, according to Deloitte’s annual “Resources 2017 Study – Energy Management: Sustainability & Progress."

“The demand for clean energy has passed the point of no return. It is not only political anymore. It is an economic issue,” said Marlene Motyka, U.S. and global renewable energy leader and principal, Deloitte Transactions and Business Analytics LLP. “Green energy no longer solely means environmental concerns, ‘green energy’ also means the dollars that can be saved by investing in wind, solar and other clean energy sources.”

Key findings include:

Sixty-three percent of residential consumers
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