Google to finance home solar systems

Sep 27, 2011 By JONATHAN FAHEY , AP Energy Writer

(AP) -- Google says it will invest $75 million to help 3,000 homeowners install solar panels on their roofs.

The search giant announced Tuesday that it will establish a fund that local solar installers will be able to tap so they can offer financing plans to prospective buyers.

The plans allow homeowners to install a $30,000 solar on their house for little or no money up front. Instead, customers pay a monthly fee that is the same or less than what they would otherwise be paying their local utility for power.

Google will own the panels, and get paid over time by customers who purchase the electricity the panels produce.

This is the latest a string of investments Google has made in renewable energy, now totaling $850 million.

Explore further: Website shines light on renewable energy resources

5 /5 (2 votes)
add to favorites email to friend print save as pdf

Related Stories

Google invests $280 million to spur home solar

Jun 14, 2011

(AP) -- Google is investing $280 million to help private homeowners put solar panels on their rooftops. It's Google's latest - and largest - investment in clean energy.

Californians bask in solar energy

Jan 04, 2007

Soaring energy costs, environmental consciousness and financial incentives have combined to make solar panels part of the California housing landscape.

Solar power could provide 10% of US energy: report

Mar 10, 2010

The United States could source 10 percent of its electricity from solar power by 2030, a report said Tuesday, winning support from a US lawmaker who wants to boost the number of US solar panels.

Engineers give solar power a boost

Jan 11, 2011

The growing popularity of solar photovoltaic (PV) systems across the United States has made it more important to maximize their power input. That's why UC San Diego environmental engineering professor Jan Kleissl is working ...

General Electric Plans Net-Zero Energy Home by 2015

Jul 16, 2009

(PhysOrg.com) -- Using solar panels, wind turbines, appliance monitoring, and on-site energy storage, General Electric has a plan to enable homeowners to cut their annual energy consumption (from the electric ...

Recommended for you

Website shines light on renewable energy resources

20 hours ago

A team from the University of Arizona and eight southwestern electric utility companies have built a pioneering web portal that provides insight into renewable energy sources and how they contribute to the ...

Better software cuts computer energy use

20 hours ago

An EU research project is developing tools to help software engineers create energy-efficient code, which could reduce electricity consumption at data centres by up to 50% and improve battery life in smart ...

Cook farm waste into energy

Dec 17, 2014

It takes some cooking, but turning farm waste into biofuels is now possible and makes economic sense, according to preliminary research from the University of Guelph.

Developing a reliable wind 'super grid' for Europe

Dec 17, 2014

EU researchers are involved in the development of a pan-European 'super grid' capable of dispersing wind power across Member States. This will bring more renewable energy into homes and businesses, help reduce ...

Boeing 737 factory to move to clean energy

Dec 16, 2014

Boeing said Tuesday it plans to buy renewable energy credits to replace fossil-fuel power at the factory in Washington state where it assembles its 737 commercial airplanes.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

waterflea
not rated yet Sep 27, 2011
Reading the title I thought "Wow I would like a home solar system!"

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.