The report’s cost-benefit analysis compares a portfolio of distributed energy resources (DERs) with more traditional fossil fuel alternatives to help meet Virginia’s future energy needs and found that the DERs portfolio delivers $288.2 million in annual net savings.
Virginia is anticipating some of the fastest-growing electricity demand in the nation, and advances in DER technology, business models, and regulatory frameworks now allow such resources—like rooftop and community solar, battery energy storage, and electric vehicle charging—to be deployed at scale, enabling the Commonwealth to meet projected load growth reliably and affordably while continuing to advance its decarbonization goals.
Prepared for Solar United Neighbors, “Value of Distributed Energy Resources in Virginia: An Assessment of Benefits and Cost-Effectiveness” presents a thorough analysis of the benefits of DERs, as well as the opportunities and actions that need to be undertaken to unlock their full value.
This report dives into the:
- Benefits of DERs by Technology Type
- Cost-Effectiveness of a Near-Term Portfolio of DERs
- Implementation Risks & Policy Recommendations
DERs are cost-effective solutions that can contribute to Virginia’s growing demand while enhancing resilience, reducing emissions, and mitigating affordability concerns. Without expanded levels of DERs, Virginians could be forced into higher-cost alternatives, further threatening affordability in the state.
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