Gallery: Department of Energy Gives $1.4 Billion to Largest US Solar Pr...

 

Secretary of Energy Steven Chu just announced a conditional guarantee for a loan of up to $1.4 billion for Project Amp, the largest solar project in US history, which will work like a decentralized power plant. The project aims to install 733 megawatts of photovoltaic solar panels on rooftops across the country that will feed power into the grid, instead of into the building they are on top of. When the project is finished, it will supply about one million megawatt hours and save 580,000 tons of carbon pollution per year.

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4 Comments

  1. lazyreader June 28, 2011 at 8:36 am

    In thirty years, those panels will be obsolete. They’ll be obsolete in just 10 years and they’ll spend billions more to buy new panels so they will never pay for themselves.

  2. sammael June 25, 2011 at 9:14 am

    No, that would be 2,400 dollars for ONE year.
    Now if we spread that over 30 year lifespan (its acctually more then 30 years, but lets say 30 years) of the project we get 80 dollars per ton, which is smack in the middle of current CO2 trading schemes.

  3. lazyreader June 23, 2011 at 12:26 pm

    1.4 billion!!! To save 580,000 tons of carbon annually. That’s over 2,400 dollars per ton. Far far more than the current CO2 trading schemes allowing for 50 to 100 dollars per ton.

  4. dvautier June 23, 2011 at 12:03 pm

    Interesting. I wonder what the agreement is with the building owners whom agree to have the panels on their buildings. There has to be some incentive there for them. Do they get free electricity, fee or what? Interesting approach of using existing buildings and not a big patch of land somewhere.

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