With a focus on photovoltaics (PV) and concentrating solar power (CSP), the SunShot Vision Study examines the potential pathways, barriers, and implications of achieving the price reduction targets and resulting market penetration levels.
The study used two models developed by the National Renewable Energy Laboratory to evaluate a SunShot scenario and a reference scenario. Key findings of the study include the following:
- Achieving the level of price reductions envisioned in the SunShot Initiative could result in solar energy meeting 14% of U.S. electricity needs by 2030 and 27% by 2050. However, realizing these price and installation targets will require a combination of evolutionary and revolutionary technological changes.
- Annual U.S. electricity-sector carbon dioxide (CO2) emissions are projected to be significantly lower in the SunShot scenario than in the reference scenario: 8%, or 181 million metric tons (MMT), lower in 2030, and 28%, or 760 MMT, lower in 2050.
- Achieving the SunShot scenario level of solar deployment could support 290,000 new solar jobs by 2030, and 390,000 new solar jobs by 2050.
- Across all market sectors, the lower electricity prices in the SunShot scenario translate into about $30 billion in annual cost savings by 2030 and $50 billion in annual savings by 2050 compared to the reference scenario.
Complete Study, Chapters, and Appendices
The complete SunShot Vision Study is available as well as each chapter and the appendices.
- Executive Summary
- Chapter 1: Introduction
- Chapter 2: Solar Energy Market Evolution and Technical Potential
- Chapter 3: Analysis of PV and CSP Growth in the SunShot Scenario
- Chapter 4: Photovoltaics: Technologies, Cost, and Performance
- Chapter 5: Concentrating Solar Power: Technologies, Cost, and Performance
- Chapter 6: Integration of Solar into the U.S. Electric Power System
- Chapter 7: Solar Power Environmental Impacts and Siting Challenges
- Chapter 8: Solar Industry Financial Issues and Opportunities
On the Path to SunShot
In May 2016, the Solar Energy Technologies Office released a series of eight research papers titled On the Path to SunShot. This series examines the lessons learned in the first five years of the initiative and the challenges and opportunities the industry faces in the final five. It identifies the key research, development and market opportunities that can help ensure that solar energy technologies are widely affordable and available to more American homes and businesses. Learn more.