NEWS COMMENTARY

U.S. Department of Energy launches $15.5 million initiative to promote solar deployments in low- and moderate-income communities

Published:
May 13, 2021
Last Updated:
May 13, 2021
Services:
Chemicals More...
Priorities:
Decarbonization More...
Activities:
Investment More...
by Patricia Seoane da Silva
Average importance

The U.S. DOE invested $10 million in the SolSmart program and $5.5 million in the Solar Energy Innovation Network (SEIN) program. The former aims to reduce the overall cost of photovoltaic (PV) systems, particularly soft costs (e.g., permitting, financing, installation), which can account for as much as 60% of the cost of a PV system in the U.S. On the other hand, the SEIN program aims to connect various stakeholders across the power grid and promote initiatives like community solar systems. This initiative is in line with the Biden administration's ambition to reach 100% clean electricity by 2035, but clients should regard the widespread growth of renewables as just one piece of the decarbonization puzzle faced by the U.S.

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