The SunShot Initiative aggressively supports development of low-cost, high-efficiency photovoltaic (PV) technologies in order to to make solar electricity cost-competitive with other sources of energy by 2020. As of February 2014, only three years into the decade-long SunShot Initiative, the solar industry is already more than 60 percent of the way to achieving SunShot’s cost target of $0.06 per kilowatt-hour for utility-scale PV (based on 2010 baseline figures).
Data courtesy of the National Renewable Energy Laboratory. Chart by Daniel Wood.
SunShot advances PV efforts by:
- Funding research and development in multiple PV technologies
- Awarding funds to PV projects with industry partners like solar companies, universities, and national laboratories through a competitive process.