US Solar Rooftop Competition Offers $10M

June21, 2012 by Shannalee in Solar Living

sunshot logoHere’s a solar incentive worth hearing about: the USDE is giving $10 million to the companies who can install 5,000 new rooftop solar panel systems by 2014 at an average price of $2 per watt or less. They’re calling the contest the “SunShot Prize: America’s Most Affordable Rooftop Solar.”

First place gets $7 million; second, $2 million; and third, $1 million–and if no one wins, the money will be returned to the U.S. Treasury.

“Through the SunShot Initiative, we’re tackling the technological, scientific and market barriers facing America’s solar industry to make sure solar power continues to play an important role in our diverse energy mix. The investments in American startups and the new competition announced [on June 13] further our efforts to seize on the tremendous global market for clean energy technologies, representing hundreds of billions of dollars worldwide,” said Steven Chu, U.S. Secretary of Energy.

Offered by the United States Department of Energy’s Sunshot Initiative, the collaborative national effort to make solar power more cost-competitive with other energy by the end of the decade, this large incentive is only available to the companies who make installations between August 1, 2012, and December 31, 2014.

To qualify, all of a company’s 5,000 required installations must have a power range that’s between 1 and 15 kilowatts, and the buildings they’re installed upon must be inhabited by humans (in other words, no to solar farms or doghouses, but yes to an attached garage).

Draft requirements for the contest are due by July 13, 2012.

For more information about the competition, visit the U.S. Department of Energy website!

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