29 Sep '11, 7pm

Can't afford your own solar panels? Rent them from @Google

Can't afford your own solar panels? Rent them from @Google

Google announced this week that it has set up a $75 million fund with solar financing company Clean Power Finance to essentially “rent” solar panels to homeowners. Photo: Flickr/Dave Dugale Google wants to help 10,000 homeowners go solar, announcing this week that it has set up a $75 million fund with Clean Power Finance , a company that provides financing options for residential solar systems. How will the Google fund work? Google will maintain ownership of the installed solar array, and Clean Power Finance and the solar installers are responsible for maintenance of the solar panels. Homeowners pay a monthly fee for the system, essentially renting the solar panels from Google. The monthly payment will often cost less than local utility rates, writes Google’s Director of Green Business Operations Rick Needham on the company’s blog . READ: Do Solar Panels Increase Home Valu...

Full article: http://earth911.com/news/2011/09/29/rent-your-solar-panel...

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