Google inks deal to finance residential solar projects
SolarCity and Google Inc. on Tuesday announced the creation of a $280 million fund to finance residential solar projects. The fund will extend solar lease and power purchase agreement options to customers who want to have solar panels installed on their homes but need help with the larger upfront investment to purchase the systems. Google has now invested more than $680 million in a wide range of clean energy technologies. This marks Google’s first investment in residential solar.
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