WASHINGTON, D.C. – As part of its ongoing efforts to make solar cost competitive with other forms of electricity, the Department of Energy’s (DOE) SunShot Initiative announced today that it will provide $32 million in new funding opportunities to help spur additional solar development nationwide.
“This is terrific news. Without question, all of these initiatives will help to lower the cost of solar energy in the future,” said Ken Johnson, SEIA vice president of communications. “For our part, we remain totally committed to having 50,000 former U.S. military personnel employed in solar by the end of 2020. Expanded training opportunities, advancements in data accessibility and quality, and enhanced CSP technologies are certain to benefit the solar industry across-the-board. We applaud DOE’s SunShot Initiative for its continuing efforts to expand the deployment of solar energy across the United States, while also helping to make solar more affordable for all Americans.”
According to SunShot, the new opportunities include:
Today, the U.S. solar industry employs 174,000 Americans – more than tech giants Apple, Google, Facebook and Twitter combined – and pumps nearly $18 billion a year into the U.S. economy. What’s more, according to a new SEIA analysis looking at the 10-year period from the end of 2004 through the end of 2014, the average price of an installed residential PV system dropped by more than 60 percent, while utility-scale prices plummeted by more than 73 percent. During that same time period, 19.5 gigawatts (GW) of new solar capacity was added nationwide.
###
About SEIA®:
Celebrating its 41st anniversary in 2015, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at www.seia.org.
Media Contacts:
Ken Johnson, SEIA Vice President of Communications, kjohnson@seia.org (202) 556-2885
Alex Hobson, SEIA Press Officer & Communications Manager, ahobson@seia.org (202) 556-2886