June 20, 2011: DOE Offers $27 Million to Reduce Costs of Solar Energy Projects
Both funding opportunities focus on reducing “non-hardware balance-of-system” costs, which generally refer to the costs of installing solar systems that are not associated with the solar panels, mounting hardware, electronics, and other hardware. These “soft costs,” including the capital required to pay for siting, permitting, and installing a solar energy system, as well as the cost of connecting it to the grid, can represent up to 40 percent of the total cost of the system. Navigating the differing and expensive administrative processes of various towns, cities, and counties across the nation, and securing financing for projects, can be obstacles for homeowners and developers looking to invest in solar energy. Funded projects will help standardize some processes, cut upfront fees and paperwork, and reduce the overall costs associated with permitting and installation, making it easier and less expensive for homeowners, businesses, and their local communities to deploy solar energy.
For more information on the SunShot Initiative, visit www1.eere.energy.gov/solar/sunshot/.
Publication date: 06/20/2011