"It's time for America to change the way we think about wind power," said Bob Lukefahr of BP Alternative Energy North America. The oil company is a leading wind developer, said Lukefahr.

If wind energy's share of power production grows to 20 percent, natural gas consumption is expected to decline by 11 percent and coal consumption by 18 percent in 2030, said the report. As a result carbon dioxide emissions linked to global warming would be reduced by 825 million metric tons a year.

"This is the equivalent of taking 140 million cars off the road," said Swisher.