The U.S. Department of Energy (“DOE”) has announced $467 million in American Recovery and Reinvestment Act (“Recovery Act”) funding to support the development, commercialization, and deployment of solar and geothermal energy technologies. This alert describes the opportunities available to businesses working in the solar energy space and explores how to take advantage of these funds. More information on funding for geothermal projects and technologies is available by reviewing the solicitations available on FedConnect and Recovery.gov. As with other opportunities created by the Recovery Act, taking full advantage of the solar and geothermal energy funds will require rapid action to develop an application strategy and navigate the submission process in time to meet DOE’s aggressive timeline. The deadlines for applying to the solar funding programs fall in mid to late July 2009 .

Please see full alert for more information.