Renewable energy keeps electricity affordable. While the cost declines of building wind and solar in the U.S. have been remarkable, they have stalled out and even reversed in recent years, bucking the global trend of continued cost declines. We can do better.

As states do all they can to accelerate construction of planned projects today, they can also lay the groundwork for continued cost declines for clean energy projects for years to come. There are multiple pathways to continued cost reductions for building clean energy, starting with improving the challenging investment environment. Federal targeting of clean energy notwithstanding, energy projects need investment-grade policy to reduce financing costs and development timelines. These include certainty on a few fronts: access to land, access to transmission, and access to revenue.

To address these barriers and reduce the cost of clean energy, states can focus on four main tracks: improving siting and permitting practices, getting more out of existing transmission infrastructure, promoting self-supply of clean energy, and enhancing procurement.

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