The Solar Energy Technologies Office supports the SunShot Initiative goal to make solar energy technologies cost competitive with conventional energy sources by 2020. Reducing the total installed cost for utility‐scale solar electricity by approximately 75% (2010 baseline) to roughly $0.06 per kWh without subsidies will enable rapid, large‐scale adoption of solar electricity across the United States. This investment will help re‐establish American technological and market leadership in solar energy, reduce environmental impacts of electricity generation, and strengthen U.S. economic competitiveness.