Will the US cut the cost of solar energy by 60%?

WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today announced an ambitious new target to cut the cost of solar energy by 60% within the next ten years, in addition to nearly $128 million in funding to lower costs, improve performance, and speed the deployment of solar energy technologies.

How much will new solar energy initiatives cost?

$128 million in new solar energy initiatives will reduce costs, improve performance, and speed deployment of new solar technologies.

How much will solar cost in 2030?

To that end, DOE is accelerating its utility-scale solar 2030 cost target by five years – setting a new goal of driving down the current cost of 4.6 cents per kilowatt-hour (kWh) to 3 cents/kWh by 2025 and 2 cents/kWh by 2030.

What is the $7 billion Solar for All program?

The Solar for All program is a monumental $7 billion investment to enable low-income and disadvantaged communities to deploy and benefit from solar energy.

How much energy will a solar project save in Puerto Rico?

The Solar for All program in Puerto Rico is expected to result in net energy bill savings averaging at least 35%, with some projects seeing savings as high as 95%.

What is the 'Solar for All' program?

The 'Solar for All' program is designed to provide meaningful cost savings to households in low-income and disadvantaged communities. Each selectee has committed to delivering at least 20% household savings to all participating households.