SunShot Initiative Investments and Solar Contest Announced
June 20, 2012
DOE's SunShot Initiative has a new competition and investments making it easier and less expensive to deploy solar energy technologies.
As part of the Energy Department's SunShot Initiative, the department announced on June 13 a new competition and investments to make it easier and less expensive to deploy solar energy technologies. The department is launching "America's Most Affordable Rooftop Solar" competition to aggressively drive down the cost of rooftop solar energy systems. It also is awarding nearly $8 million to nine small businesses to lower the cost of financing, permitting, and other “soft costs,” which can amount to nearly half the cost of residential solar systems. To spur the use of low-cost residential and small commercial rooftop solar systems across the nation, the department is launching America's Most Affordable Rooftop Solar competition to challenge U.S. teams to quickly lower the cost of installed rooftop photovoltaic (PV) systems. The competition offers a total of $10 million in prize money to the first three U.S. teams that can install 5,000 rooftop solar PV systems at an average price of $2 per watt. By setting an ambitious target, the competition aims to spur creative public-private partnerships, original business models, and innovative approaches to make solar energy affordable for millions of families and businesses. See the America's Most Affordable Rooftop Solar competition Web page.
The Energy Department also awarded up to $8 million to support nine highly innovative startups in four states through the SunShot Incubator program. These companies, in California, Colorado, Massachusetts, and Minnesota, are developing transformative solutions to streamline solar installation processes such as financing, permitting, and inspection. See the list of projects.
The SunShot Initiative is a collaborative national effort to make solar energy cost competitive with other forms of energy by the end of the decade. Inspired by President Kennedy’s "Moon Shot" program that put the first man on the moon, the SunShot Initiative has created new momentum for the solar industry by highlighting the need for American competitiveness in the clean energy race. See the DOE press release, and the SunShot Initiative website.