potentially generate 50% of the electrical needs of the U.S. and other
developed countries, and the DOE’s Solar America Initiative has set the
goal of making solar cost-competitive with grid electricity by 2015.
to advance photovoltaic technology research, development, and design,
ultimately lowering the cost of photovoltaic generation. The
competitively-selected projects will be eligible for up to $22 million
from the President’s American Recovery and Reinvestment Act and will be
matched by more than $50 million in cost shared funding from private
partners.