Loan Guarantee Program
In September 2011, the Department of Energy finalized a $1.4 billion partial loan guarantee to support the installation of up to 750 MW of photovoltaic (PV) solar panels across roughly 750 industry facility rooftops in up to 28 states and the District of Columbia. The project will create thousands of jobs, increase the generation of clean power, and should lead to lower development costs for rooftop solar; making it competitive with ground-mount solar generating facilities. Project Amp will be the world’s largest distributed rooftop solar project when fully deployed, and its total capacity will nearly equal the total amount of grid-connected PV installed in the U.S. in 2010.
Project Amp will keep the nation at the forefront of the global clean energy race and demonstrate that rooftop solar projects can be built quickly and with minimal environmental impact. It is a transformative project that will change the impact of distributed solar rooftop installations on overall electricity generation.
Project Amp will create more than 1,000 construction jobs over a four-year period, 42 permanent jobs for plant-operations, and hundreds of additional jobs across the supply chain.
Project Amp is expected to produce over 1.4 million MWh annually, enough to power more than 125,000 homes. The project is expected to avoid 837,000 metric tons of carbon pollution annually, equivalent to the emissions of more than 175,000 vehicles.