Monday, November 10, 2008

Midwest Monday: Missouri Passes RES

Missouri voters said "Yes!" last week to a renewable energy standard that will require 15 percent of the state's electricity to come from renewable sources by 2021.

The 66% - 34% support for Proposition C (aka "the Clean Energy Initiative") got on the ballot via the 170,000 signatures collected by Missourians for Cleaner Cheaper Energy.

Prop C also includes a rebate that will help lower the cost of solar installations by almost 20%. It caps the rate impact at 1 percent and, according to Missourians for Cleaner Cheaper Energy, could save residents $331 million over the next 20 years on their electric bills and create more than 10,000 jobs as a result of the increased demand for renewables.

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