Google wants to help homeowners add solar power panels

Date: 30 September 2011
NEW YORK - Google wants to buy solar panels for your house.The search giant announced yesterday that it will provide $75 million to build 3,000 residential solar electricity systems across the country.

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

Google is creating a fund with a San Francisco company called Clean Power Finance 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 electricity system 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.

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600450 Google wants to help homeowners add solar power panels
Date: 30 September 2011

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