cmpid=EnlEIQDailyJune32011
US offers USD-27m funding to cut solar project costs
ADP News Renewable Energy Track
June 3, 2011
The US Department of Energy (DOE) on Wednesday said it would provide USD 27
million (EUR 18.6m) in funding to reduce costs of solar energy projects and
step up the permitting process.
The funding is part of the US government's SunShot Initiative which aims to
make solar energy cost-competitive with fossil fuels within the current
decade.
The funding targets to reduce the so-called "soft costs" of installing solar
systems. Those costs include the capital needed for siting, permitting and
installation, and the cost of connecting the systems to the grid, and
account for up to 40% of the total solar system cost.
As much as USD 12.5 million of the funds will go to stimulate cities and
counties to compete in advancing and digitising permitting processes, in
order to reduce obstacles for residential and small commercial photovoltaic
(PV) solar installations and increase the financing for solar projects.
A total USD 15 million will be used to promote innovations in IT systems,
local zoning and building codes and regulations, which can help accelerate
the process of installing solar energy.
(USD 1 = EUR 0.690)
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