The US Department of Energy (DOE) will allocate up to USD$125.5 million in financing for research and development (R&D) projects in the solar field. The research will target reducing the cost of solar technology, which in turn will enhance the competitiveness of the domestic photovoltaic (PV) production and improve the grid reliability.

Among other projects, the DOE funds will see USD$15 million go to 8-12 projects that aim to prolong the lifespan of PV systems and cut hardware costs for plants using traditional silicon solar cells, as well as thin-film, tandem and perovskite cells.

The rest of the funds will go to various projects in diverse areas of PV research.