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Department Of Energy To Invest $13 Million In Solar Power Projects

Thursday, January 2nd 2014 4:32 PM
By GetSolar Staff.
Department Of Energy To Invest $13 Million In Solar Power Projects

The U.S. Department of Energy is hoping to increase the awareness of solar energy by investing $13 million into five solar power projects throughout the country. The distribution of these funds are part of DOE's SunShot Initiative.

The DOE said in a statement it is investing this money to bolster solar manufacturing throughout the country and help commercialize the accessibility and affordability of photovoltaic panels and other solar power systems. Energy Secretary Ernest Moniz said in a statement he hopes more people will use solar energy in the future.

"The strong, continued growth in the U.S. solar industry over the past few years is giving more and more Americans access to affordable clean energy," Moniz said. "We have a tremendous opportunity for American manufacturing to lead the global clean energy market and help pave the way to a cleaner, more sustainable energy future."

Good Year For U.S. Solar
Solar power and the use of PV panels is becoming more common throughout the state, according to a report conducted by the Solar Energy Industries Association. The Solar Market Insight 2013 Q3 reported the U.S. installed 930 megawatts worth of PV panels throughout Q3, the second highest amount in the country's history. This is a 20 percent increase from Q2 2013 and a 35 increase from Q3 2012. The report stated most of the activity was done in the utility solar sector and the residential market.

The U.S. has had a banner year in its use and promotion of solar energy. In December 2013, the U.S. surpassed Germany as the number one country to add solar power to its grids. This is noteworthy because it is the first time it has been done in over 15 years. California, Arizona and Massachusetts were just a few states that stood out when adding solar power in 2013.Along with adding more solar energy capabilities, prices for PV panels were also becoming more affordable as they cost $3 per watt, Slate reported.

Projects Located Across The Country
The DOE fund will also have a contribution of $14 million from private costs. The projects that will be receiving the total of $27 million funds are located in California, Colorado, Georgia, Pennsylvania and Oregon.

This is not the first time the DOE has invested funds to help promote the use of solar energy. In November, the DOE invested $7 million in several tribal nations throughout the country. Some of these projects were located in Alaska, Wisconsin, Colorado, Arizona and Nebraska.

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