SunShot Initiative’s $1 per watt goal reached 3 years in advance

Smart City

Solar power gets more efficient and affordable. Image source: Shutterstock (#231081679)

The DOE’s National Renewable Energy Laboratory (NREL) has found that the average price of utility-scale solar is now under $1 per watt and below 6 cents per kilowatt-hour, meaning that the solar industry met solar cost goal set by the Energy Department’s SunShot Initiative for 2020, three years ahead of plan.

“Our mission is to make solar affordable for all Americans, and so our goals are defined for average U.S. climates. We use Kansas City as that example,” said Becca Jones-Albertus, acting deputy director of the SunShot Initiative. “Hitting a 6 cents per kilowatt-hour target for Kansas is a more significant metric than hitting 6 cents in sunnier parts of the country.”

Greentech Media

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