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Abstract

In recent years, the need to address anthropogenic contributions to climate change and develop more sustainable energy sources has placed pressure on U.S. policymakers to expand the development of renewable energy sources. The creation of renewable portfolio standards (RPS), production tax credits, and investment tax credits have been an impetus for the recent growth in U.S renewable energy capacity; currently, renewable energy accounts for 13% of the U.S. Electricity Supply and this figure is projected to grow (Energy Information Agency, 2013). Therefore, economic analysis related to public preferences toward renewable energy has become increasingly critical to help inform renewable energy projects. This study utilizes choice experiment survey methodology to analyze public preferences for important features associated with different renewable energy projects. The results of this research may help to understand the environmental and economic aspects of renewable energy that most influence public acceptance of renewable energy development.

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