Yesterday (Jan. 29) the DOE offered a number of innovative projects with a total of $59 million. The funds are intended to help reduce the cost of solar and speed new technologies to market.
The Department of Energy has substantially reduced its funding for solar power. But as it has the cost of solar has reduced significantly as the technology has advanced. So the DOE doesn’t necessarily have to keep spending on new technologies and solar projects as it had in the past. Still it is offering new funding opportunities.
“As President Obama noted in his State of the Union address, the U.S. brings as much solar power online every three weeks as we did in all of 2008,” said Energy Secretary Ernest Moniz. “As the price of solar continues to drop, the Energy Department is committed to supporting a robust domestic solar manufacturing sector that will help American business meet growing demand and help American families and businesses save money by making solar a cheaper and more accessible source of clean electricity.”
The majority, $45 million in funding, is being made available through the SunShot Initiative’s SunShot Technology to Market “SunShot Incubator 10, SolarMat 3, SUNPATH 2.” The program will award projects that will help move products and technologies that will help reduce the cost of solar to the market. DOE will award up to $10 million to a project.
The awardees will have to fund between 20 percent and 50 percent of the project, however. Entities have until Feb. 13 to summit an optional letter of intention and until Feb. 24 to submit their projects.
The remaining $14 million will go to 15 projects to help communities develop multi-year solar deployment plans to install local solar, the DOE said. Those 15 Solar Market Pathways projects were announced by the White House, DOE said. They will support strategies to promote deployment at residential, community and commercial scales. The projects are aimed at cutting the soft costs of solar power like permitting and financing projects. They were awarded to nonprofits, utilities, industry associations, universities, and state and local jurisdictions across the country.Tweet