DOE Announces Community Solar Competition with Millions in Incentives and Prize Money Getty Images

DOE Announces Community Solar Competition with Millions in Incentives and Prize Money

The SunShot Prize: Solar in Your Community Challenge is a prize competition sponsored by the U.S. Department of Energy (DOE) that aims to expand solar electricity access to all Americans, especially underserved segments such as low- and moderate-income (LMI) households state, local, and tribal governments, and nonprofit organizations. In order to make solar more accessible and inclusive for every American, the Challenge works to spur the development of new and innovative financial and business models that serve non-rooftop solar users such as community solar.

Teams selected to participate in the challenge may receive three distinct types of awards: seed awards, technical assistance vouchers, and final prizes. Teams will compete to win $1 million in Final Prizes, including a $500,000 Grand Prize for success in demonstrating a replicable and scalable model for low income solar. In addition, selected teams will receive approximately 50 cash seed awards totaling $2 million, and benefit from technical assistance resources and mentoring worth an additional $2 million. Teams will be evaluated based on their innovation, impact, expertise, team composition, plan, and progress. As teams are selected, seed awards (up to $60,000 per team) will be disbursed in increments based on completed milestones over an 18-month performance period.

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