The U.S. Department of Energy (DOE) has plans to cut the cost of solar energy by 60 percent within the next 10 years, in addition to nearly $128 million in funding to lower costs, improve performance, and speed the deployment of solar energy technologies. These investments support the Biden administration’s climate goals and will pave the way for affordable decarbonization of the energy system and a robust clean energy economy.
“In many parts of the country, solar is already cheaper than coal and other fossil fuels, and with more innovation, we can cut the cost again by more than half within the decade,” said Jennifer Granholm, Secretary of Energy. “This first burst of funding will help us add even more affordable clean energy to the grid, jobs to communities across the country, and will put us on the fast track toward President Biden’s goal of 100 percent clean electricity by 2035.”
Lowering the cost of solar energy is essential to accelerating deployment
