The new fund will cover the upfront cost of solar panel installations for thousands of homeowners in 14 states and the District of Columbia, and make it possible for them to pay less for solar power than they pay for electricity generated by fossil fuels.
Google has committed $300 million to the new fund—its largest renewable energy investment to date. The new fund is the largest of its kind ever created for residential solar power, and the second such collaboration between the two companies.
The above is an excerpt of SolarCity Creates Fund to Finance $750 Million in Residential Solar Projects with Investment from Google by SolarCity. Image Credit: SolarCity.