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U.S. aims to encourage cheap solar power

Sept. 13, 2012 at 8:13 AM   |   Comments

WASHINGTON, Sept. 13 (UPI) -- The U.S. Energy Department said $10 million in cash was available to teams that can develop solar systems for $1 per watt.

The so-called SunShot program by the U.S. government aims to spur U.S. innovations to reduce the cost of solar energy. The Energy Department said it's invested $60 million in an incubator program meant to help new solar power concepts at small businesses.

The Energy Department said $10 million in cash awards were available for the first three teams that can demonstrate non-hardware costs for small-scale solar systems for homes and businesses can be as low as $1 per watt.

The department said that target represents a 65 percent decrease from costs associated with permitting, licensing and connecting solar power systems to the electricity grid.

U.S. Energy Secretary Steven Chu described the contest as a "race to the rooftops."

"This aggressive target is an important step that will help bring us significantly closer to reaching the SunShot goal of cost-competitive solar energy by the end of the decade," he said in a statement.

Efforts to advance solar power in the United States are controversial. Leaders in the House of Representatives have taken issue with a $535 million federal loan guarantee offered to solar panel company Solyndra, which filed for bankruptcy protection in 2010.

Topics: Steven Chu
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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