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Plan to Cut Solar Costs by 60% Unveiled by U.S. Energy Agency

  • Energy Department goal needed for carbon-free grid by 2035
  • Agency announces $128 million in funding for solar research
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Community Solar Is Bringing Renewable Energy to Everyone

The Biden administration announced Thursday an effort to slash the cost of solar energy by 60% within the next decade, a feat officials said was essential to achieving the president’s goal of 100% clean energy by 2035.

The solar goal, being implemented by the Energy Department, calls for reducing utility-scale solar energy’s current cost of 4.6 cents per kilowatt-hour to 3 cents by 2025 and 2 cents by 2030.