Clean energy investment in every state

Clean energy investment in the U.S. more than tripled between 2018 and 2023, reaching nearly $248 billion annually. Investment is concentrated in the South and West, with zero-emission vehicles, solar power, and wind power serving as the primary drivers of growth across different regions and states.

• U.S. clean energy investment grew significantly between 2018 and 2023, more than tripling to reach nearly $248 billion in 2023 (adjusted for inflation), with growth continuing into the first half of 2024.
• Investment is geographically concentrated, with the South and West regions accounting for 76% of all U.S. clean investment from Q1 2018 to Q2 2024. The South received $428 billion and the West received $327 billion during this period.
• A small number of states dominate total investment; the top 10 states account for approximately 62% of all U.S. clean investment since 2018, totaling over $617 billion. California leads with $191 billion, followed by Texas at $144 billion.
• Investment priorities vary by state and region: zero-emission vehicles lead in 27 states (most notably California with $100 billion), solar power leads in 10 states (led by Texas at $46.3 billion), wind power leads in nine states (led by Oklahoma at $10 billion), and heat pumps lead in four states.
• The 2022 Inflation Reduction Act has accelerated clean investment through incentives, which is considered integral to the U.S. goal of reducing heat-trapping emissions by 50% below 2005 levels by 2030.

APA

Hess, H., & McClintock, C. (2024). Clean energy investment in every state. Climate Central. https://www.climatecentral.org/climate-matters/clean-energy-investment-in-every-state

Chicago

Hess, Hannah, and Charlotte McClintock. Clean energy investment in every state. Climate Central, 2024. https://www.climatecentral.org/climate-matters/clean-energy-investment-in-every-state.

Wikipedia

{{cite report |last1=Hess |first1=Hannah |last2=McClintock |first2=Charlotte |title=Clean energy investment in every state |publisher=Climate Central |date=2 October 2024 |url=https://www.climatecentral.org/climate-matters/clean-energy-investment-in-every-state |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{hess2024clean, author = {Hess, Hannah and McClintock, Charlotte}, title = {{Clean energy investment in every state}}, institution = {Climate Central}, year = {2024}, month = oct, url = {https://www.climatecentral.org/climate-matters/clean-energy-investment-in-every-state}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }