Washington, D.C. – April 24, 2012 – (RealEstateRama) — As part of the Energy Department’s SunShot Initiative, U.S. Energy Secretary Steven Chu today announced up to $5 million available this year to develop “plug-and-play” photovoltaic (PV) systems that can be purchased, installed and operational in one day. This effort is part of the Department’s broader strategy to spur solar power deployment by reducing non-hardware, or “soft” costs, such as installation, permitting, and interconnection, which currently amount to more than half of the total cost of residential systems. The funding will help drive innovations to fundamentally change the design and installation of residential PV systems, reducing costs for homeowners and simplifying installations and grid connectivity.
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