Support from the US Department of Energy (DOE) will be given to several US-based development teams working to commercialize perovskite photovoltaics technology. In the latest round of funding awarded under its SunShot Initiative, the DOE will be giving $46.2 million in support of 48 different photovoltaics projects – with total funding around $65 million (when private-sector contributions are included). However, SunShot funding may be prone to changes and budget cuts proposed by the new Trump administration.
The long-term target of the funding is to achieve a levelized cost of solar-generated energy of $0.03 per kilowatt-hour (for utility-scale systems) by 2030. The SunShot initiative also has interim goals for 2020 of $0.06 per kWh for utility-scale PV, and $0.09 per kWh for residential installations. The DOE estimates the current cost of residential and utility PV at $0.18 and $0.07 per kWh respectively.