Simplifying Solar Plan Financing
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Category: EnergyType: News
Source: DOE (Solar)
Date: Wednesday, January 22nd, 2014
The U.S. solar energy industry is booming. With 930 megawatts of new photovoltaic (PV) capacity installed in the 3rd quarter of last year alone, 2013 proved to be the biggest year for solar yet. Total installed solar energy capacity now stands at a staggering 10.2 gigawatts, enough to power in excess of 1.7 million average American homes.
The Energy Department's SunShot Initiative, partnering with national labs and industry, is helping solar become even more accessible and affordable for Americans. Since 2011, the average price per kilowatt-hour (kWh) of a utility-scale PV plan has dropped from about $0.21 to $0.11. The solar industry is now 60% of the way to reaching SunShot's $.06 per kWh goal by 2020. For the complete story, see the EERE Blog.
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