While there are some marginal economic benefits to greater reliance on renewable energy, these benefits are overshadowed by the substantially more expensive cost of production. Looking at Nevada specifically, the net cost of renewable standards are striking:
- Energy prices are expected to climb by nearly 15 percent in 2016.
- Employment growth will be reduced by more than 11,000 jobs in 2016 due to higher energy costs.
- Economic growth will be reduced by more than $1.7 billion in 2016.