The SunShot Initiative's mission is to make solar energy fully cost-competitive with traditional energy sources before the end of this decade, making this clean renewable energy resource more affordable and accessible to Americans.
The SunShot Initiative vision is to make the total cost of solar energy fully economically-viable for everyday use, so that all Americans will benefit from this clean renewable energy resource.
The SunShot Initiative aims to reduce the total installed cost of solar energy systems to $.06 per kilowatt-hour (kWh) by 2020. Today, SunShot is about 70% of its way toward achieving the program's goal, only three years into the program's ten year timeline. Since SunShot's launch in 2011, the average price per kWh of a utility-scale photovoltaic (PV) project has dropped from about $0.21 to $0.11.
SunShot supports innovative efforts by private companies, universities, and national laboratories to drive down the cost of solar electricity to the SunShot target by reducing solar technology costs, reducing grid integration costs, and accelerating solar deployment nationwide.