Proposed Expansion of Nevada RPS Boosts Solar Industry Outlook

Nevada AB 206, aimed to expand the state’s renewable portfolio standard (RPS) to 80 percent by 2040, is the latest in the growing list of states planning to strengthen their renewable energy targets. While AB 206 would place Nevada in a similar trajectory with top-tier RPS states, such as California and New York, Massachusetts has proposed an even more ambitious goal of 100 percent by 2035, aiming to make Massachusetts the first U.S. state to be powered entirely by renewable energy. Stronger RPS policies will stimulate market and technology development to increase the competitiveness of renewable energy.