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Don't Miss The Great Solar Debate: Where Does the Global Solar Industry Stand? Click Here to Register! ×

US to Invest $29 Million in Solar Technologies

PennEnergy Editorial Staff
December 12, 2012  |  4 Comments

The U.S. Department of Energy announced it will invest $29 million in solar projects in an effort to boost the nation's renewable energy sector.

In a December 10 statement, the DOE said $21 million would be spent over the next five years on designing plug-and-play photovoltaic systems that would make the process of purchasing and installing solar technologies quicker and less expensive. The USA's Center for Sustainable Energy Systems and North Carolina State University will lead the projects to develop the PV technology and components. UPI reported that the plug-and-play technology would allow operators to install PV systems in one day.

Another $8 million would be invested into two projects that will help utilities and grid operators better forecast the amount of electricity that could be produced at U.S. solar energy plants. Researchers will be working with the DOE and the National Oceanic and Atmospheric Association to improve the accuracy of solar forecasts.

"The price of solar panels has fallen dramatically in recent years, but we also need to reduce the cost and time required to actually install them in homes and businesses, and help utility companies better integrate renewable energy into the grid." said Energy Secretary Steven Chu in the DOE release. "Projects like these can help reduce the cost of solar power and make it easier for American families and businesses to access clean, affordable energy."

This article was originaly published on PennEnergy and was republished with permission.

Lead image: Solar panels via Shutterstock

4 Comments

Register To Comment
Phil Manke
Phil Manke
December 18, 2012
And, all the while, an SREC program with stiff solar carve-out and SACP would move the middle class, et.al., into the solar age with minimal cost to government funds, instead of allowing carbon cost payments to be repaid to Ute's for their pet wind, hydro, and methane projects while they position to also control the solar markets with more restrictions and market designs.
marcus maedl
marcus maedl
December 18, 2012
I also had to read the headline twice, figuring that the author might have made a mistake and put an "m" where a "b" must stand.

But hey, that just shows us our place, once again.
Challis Jensen
Challis Jensen
December 14, 2012
Well William, 21 million of the 29 will be allocated over 5 years while delaying any action until the results of the study are reached 5 to 6 years from now. It is like throwing all of the anchors overboard. This will probably hurt the solar industry more than help it.
William Fitch
William Fitch
December 13, 2012
Hi: 29 million..?? Is that a joke..?? Over a billion was spent on the recent presidential race... all of which was a pure waste...
Lets just keep tipping a few pennies to the renewable's waitress for our $5000 O&G meals...

.....Bill

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