Notice of Intent to Issue Fiscal Year 2025 Solar Module and Solar Hardware (SMASH) Incubator Notice of Funding Opportunity
Highlights
This program offers a unique opportunity for your business to access grant funding specifically designed to help you bring innovative solar technologies to market. With no repayment obligations, you can focus on research and development without the stress of debt. This funding can fuel projects aimed at crystalline silicon module technology, cadmium telluride module technology, or non-module hardware technology, allowing you to choose the area that aligns best with your business goals.
You stand to benefit from increased visibility and private investment into your solar solutions, giving your business a competitive edge. This program is encouraging for-profit entities like yours to step forward, and the flexibility in company size and revenue means both startups and established businesses can find a pathway to secure financial support. By applying, you position your business not just for funding, but for growth and innovation in the rapidly expanding solar market.
Financing Details
Type of Financing
This program offers grant funding. Grants do not require repayment, making them a valuable resource for businesses looking to grow and innovate without the burden of debt.
Eligible Expenses
The funds can be used for a variety of expenses, mainly focusing on:
- Research and development (R&D)
- Technology commercialization
- Technical validation capabilities
- Improvements in manufacturing processes
Restrictions and Fees
There are certain limitations on how the funds can be used. Funds cannot be applied towards general operational costs or unrelated projects. Additionally, there are no fees associated with receiving these funds, making it an accessible option for your business.
Qualifications
Eligible Applicants:
- For-profit entities
- Institutions of higher education
- Nonprofit entities
- State and local governmental entities
- Federally recognized Indian Tribes
Employee Requirements:
- No minimum or maximum number of employees required
Revenue Requirements:
- No minimum or maximum revenue qualifications
Legal Structure:
- All legal structures are applicable
Profit Structure:
- All profit structures are applicable
Disqualifications:
- None specified in the context provided
Description
This program provides grant funding to help you bring innovative solar technology to market. It aims to boost private investment in solar solutions, which means there’s an opportunity for your business to access financial support for developing new solar photovoltaic (PV) technologies.
You can receive funding for specific projects, including those that focus on crystalline silicon module technology, cadmium telluride module technology, or non-module hardware technology. This flexibility allows you to choose the area that best aligns with your business goals. The money can be used for research and development, helping you innovate and potentially increase your market reach.
The program encourages for-profit businesses like yours to apply, and there are no strict limitations on company size or revenue. That means whether you’re a startup or an established entity, you have a fair shot at securing funds to advance your solar technology projects. If selected, you can enjoy the benefits without a loan payback period, letting you focus on growth without added debt pressure.
Program Steps
Identify Your Project: Determine which area of solar technology aligns best with your business goals—crystalline silicon module technology, cadmium telluride module technology, or non-module hardware technology.
Prepare Documentation: Gather the necessary documents for your application. You will need:
- A detailed project proposal outlining your innovative solar technology
- Financial statements from the last two years
- A budget plan for the project, including projected expenses
- Evidence of your business's current operations and structure
- Any relevant patents, designs, or technological innovations
Complete the Application Form: Fill out the application form provided on the program's website, ensuring all sections are thoroughly completed.
Review Your Application: Double-check all the information you provided to ensure accuracy and clarity.
Submit Your Application: Send your application and all accompanying documents by the specified deadline.
Await Response: After submission, monitor your email for communications regarding your application status. Be prepared to provide any additional information if requested.
