Fueled by long-term tax credits from the Inflation Reduction Act of 2022, increasing state-level clean energy targets, and lucrative prices for solar carve-outs and offshore wind, the US renewable energy credit (REC) market is expected to grow at a 10% compound annual growth rate from 2024 through 2033, at least tripling in size from 2022 levels.
According to our base case scenarios, US renewable energy credit market size is forecast to approach $40B by 2033.
Gain an overview of US REC market trends.
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