A $100-billion investment in new solar energy investment turnover plans is in the works to help companies meet their goals, according to the National Solar Jobs Coalition.
The alliance has called on the Federal Energy Regulatory Commission to expedite a proposal for a federal plan to support solar companies in the wake of record-breaking solar prices.
Solar energy is expected to reach $1.1 trillion in 2020.
The coalition estimates that a portion of the funds would go to solar firms to provide them with financing and other support.
Solar firms could receive up to $1 billion annually, with an additional $250 million going to local governments and the federal government.
Solar companies would also receive a $100 million grant to help them grow their workforce.
Solar firms could also receive up, $100,000 grants to help build new facilities.
Solar company turnover plans have been proposed in the past, but this one is expected more widely.
The proposal calls for solar companies to create and operate a turnover plan for their solar operations in the event of a sudden reduction in their investment in the technology.
Solar investment turnover plan proponents say it would help the solar industry achieve its full potential.
Solar firm turnover plans were approved by the Federal Solar Investment Tax Credit (FITC) program in 2017.
Solar companies can receive up $100m annually from the FITC to help with capital expenditure, such as buying equipment or equipment maintenance, as well as the costs of capital projects.
The program was created to support the development of new technologies, including solar.
The National Solar Job Coalition has called for a solar investment turnover program, but is not calling for a full federal investment.
The Coalition has been working with several state and local governments to craft a proposal that could help support companies in their transition to a cleaner energy future.
Solar Investment Transfer (SIM) programs have been created to assist solar companies transition to an energy economy, and solar companies have also been able to get funding from the Federal government.