Tennessee Solar Institute (TSI) today announced it has committed nearly $1.6 million in new Solar Installation grants to Tennessee businesses. The grant recipients represent companies that were on a retention list from the first round of funding as well as second-round applicants of the highly popular program. A total of 17 projects, valued at more than $4.8 million, have been approved for new solar photovoltaic installations across the state.

When combined with previously announced Solar Installation Grants (announced September 24, 2010), a total of 144 installations, representing over 6.2 MW of new, clean energy production, will have benefitted from the program. Projects are located in 40 counties across the state, with a total economic impact of more than $35.9 million.

Tennessee businesses responded quickly to the second round of the Solar Installation Grant Program. A total of 60 applications, with proposed requests totalling over $5 million, were submitted in just three days following the August 15 opening.