According to the research done in University of California at Berkeley, carbon emissions can be reduced 80% below 1990 levels by 2050. Achieving the SunShot tartget for solar photovoltaics can make it possible to provide more than a third of electric power in the region. It will reduce the need for nuclear and carbon capture and sequestration technologies and displace natural gas.
If the Department of Energy's SunShot initiative succeeds, the transition to a solar-based electrical system could save consumers 14% off their bills, approximately %20 billion annually by 2050. SunShot's main goal is to invest in transformative solar energy research and stimulate American economic growth. The initiative started off by funding solar startups, increasing solar reliability and grid integration, supporting high-efficiency solar technologies and lowering the costs of solar energy.
In order to reach America's solar-powered future, governmental policies play an important role. "Given strategic long-term planning and research and policy support, the increase in electricity costs can be contained as we reduce emissions," said Dan Kammen, who was leading the group for this study. He also commented that "Using such a comprehensive strategy could substantially reduce the actual consumer cost of meeting carbon emission targets."