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Study: Renewable energy could impact state economy by more than $10 billion

Jul 2, 2018

Reaching 30% renewable energy by 2027 would have economic impact of $10.3 billion according to new study
Credit Consumers Energy

Michigan would see a dramatic boost to the economy by reaching a 30% renewable energy target by the year 2027

That's according to a new study released by the Michigan Conservative Energy Forum -- a group of conservative political and business leaders who support renewable energy because it lowers energy costs for everyone, creates jobs, and is better for public health.

The forum's commissioned report says 30% renewable energy by the year 2027 would have an economic impact of $10.3 billion dollars, and create thousands of new jobs.

Most of the energy would be solar and wind.

The report envisions a slightly more aggressive push towards renewables than DTE Energy and Consumers Energy's own targets of 25% percent by the year 2030.

The utilities agreed to the targets after activists succeeded in getting enough signatures on a ballot initiative to require 30% renewable energy by the year 2025. Organizers dropped the initiative in return for the commitment.