Google Puts Up $75 Million for Residential Solar Installations

September 27, 2011 · Print This Article


Google has set up a $75 million fund that will pay for about 3,000 residential solar installations in California, Colorado and Arizona.  The fund will be overseen by Clean ability Finance who will work with installers to offer financing options to homeowners.

The fund will allow homeowners who want to incorporate solar capability in their homes, but can’t afford the high upfront costs of a solar capability system, to enter into lease agreements or ability purchase

agreements with the installers.

This

fund is the second for Google, who plus created a $280 million residential solar fund that California-based SolarCity will manage.  That fund will be overseeing installations, lease agreements and capability purchase agreements in 11 states and Washington, D.C.

The popularity of residential and small scale solar is at a high considering of the federal and state tax incentives for homeowners.  Companies who <a href=”http://www.ecogeek.org/solar-power/3482-google-invests-168-million-in-huge-mojave-desert-s” […]

[Source] Cynthia

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