Effort To Create Cost Competitive Solar Energy

DOE Pursues SunShot Initiative to Achieve Cost Competitive Solar Energy by 2020 Announces $27 Million in Projects to Advance Solar Development and Manufacturing

Washington, D.C. – U.S. Energy Secretary Steven Chu today announced additional details of the Department of Energy’s “SunShot” initiative to reduce the total costs of photovoltaic solar energy systems by about 75 percent so that they are cost competitive at large scale with other forms of energy without subsidies before the end of the decade. By reducing the cost for utility scale installations by about 75 percent to roughly $1 a watt – which would correspond to roughly 6 cents per kilowatt-hour – solar energy systems could be broadly deployed across the country.

This will increase American economic competitiveness and help the U.S. regain leadership in the global market for solar photovoltaics. As part of the SunShot initiative, Secretary Chu announced today that the Department of Energy is awarding $27 million in projects to support the development, commercialization, and manufacturing of advanced solar energy technologies.

“America is in a world race to produce cost-effective, quality photovoltaics. The SunShot initiative will spur American innovations to reduce the costs of solar energy and re-establish U.S. global leadership in this growing industry,” said Secretary Chu. “These efforts will boost our economic competitiveness, rebuild our manufacturing industry and help reach the President’s goal of doubling our clean energy in the next 25 years.”

The SunShot program builds on the legacy of President Kennedy’s 1960s “moon shot” goal, which laid out a plan to regain the country’s lead in the space race and land a man on the moon. The program will aggressively drive innovations in the ways that solar systems are conceived, designed, manufactured and installed.

In addition to investing in improvements in cell technologies and manufacturing, the SunShot initiative will also focus on steps to streamline and digitize local permitting processes that will reduce installation and permitting costs. To achieve the SunShot goal of reducing the total installed cost of large scale solar electricity by about 75 percent, DOE will be working closely with partners in government, industry, research laboratories and academic institutions across the country.

SunShot will work to bring down the full cost of solar – including the costs of the solar cells and installation – by focusing on four main pillars:

* Technologies for solar cells and arrays that convert sunlight to energy;
* Electronics that optimize the performance of the installation;
* Improvements in the efficiency of solar manufacturing processes;
* Installation, design and permitting for solar energy systems.

For more information and to follow the initiative’s progress, visit: www.energy.gov/sunshot.