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Google is putting up $300 million as part of a $750 million SolarCity fund meant to encourage solar energy in homes in the United States.
The fund, which was announced on Thursday, covers the cost of solar panel creation and installation so homeowners will have no upfront costs to dissuade them from going green. SolarCity, America's largest solar power provider, claims it ultimately costs less than paying a typical utility company. But solar energy is still just finding its footing as a residential energy option
Installation costs are often high for solar energy, which can trend upward of $20,000. With the fund money, all qualified homeowners pay for is the electricity that the solar panels produce, or monthly rent for leased panels Read more...
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