First Round of Solar Grants Announced in Tennessee

Awards announced total $4.5 million and officials said they will result in 2.8 megawatts of new solar energy production in the state.

TN_FlagThe Tennessee Solar Institute has issued its first round of grants.

The awards announced Friday total $4.5 million and officials said they will result in 2.8 megawatts of new solar energy production in the state.

The institute – a partnership of the University of Tennessee and the Oak Ridge National Laboratory – is aimed at speeding construction of renewable energy resources. It falls under Gov. Phil Bredesen’s Volunteer State Solar Initiative and is funded by the American Recovery and Reinvestment Act of 2009.

Companies can be reimbursed up to $240,000 toward the purchase and installation of small-scale photovoltaic solar systems, depending on the size of their project.

The awards announced Friday commit half of the $9 million designated for grants.

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Source: The Associated Press | Bloomberg Businessweek