New Google initiative will lease solar panels to consumers

solar panels

Google has just announced another major investment in renewable energy – not to power its own vast data centers this time, but rather to bring cheaper electricity to the homes of ordinary Americans.

Alongside solar cell manufacturer SunPower, the internet giant is starting a $250 million fund (including $100 million of its own cash) to buy up solar panels and then lease them back to American households.

It promises the lease cost will be “typically lower” than a home’s regular electricity bills, so as to provide a financial incentive to go green, but it has yet to provide specifics on the costs involved or exactly when the project is scheduled to get going.



Source: Engadget - Read the full article here

Author: Daily Tech Whip

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