12140 Wickchester Ln Suite #100, Houston, TX 77079

Google Ends Homeowners Search for Solar Power (Sort Of)

Internet giant Google has announced a partnership with a financing agency that will help homeowners pay for the installation of solar power systems that will help save energy and lower monthly electric bills.

Google has set aside $75 million to create a fund with Clean Power Finance that will help 3,000 homeowners finance the installation of solar power systems. According to Rick Needham, Google’s Director of Green Operations, the fund is intended to help homeowners overcome the initial costs of solar installation, which are daunting and can prevent people from adopting solar technology. Solar systems typically cost between $30,000 and $40,000, Needham said.

With typical solar panel installations, homeowners generate their own electricity and draw from the grid ‘and pay for’ only what they need. If electric customers produce more power than what they use, they can sell it back to the grid.

However, under the financing plan from Google, homeowners won’t own the solar panels or any of the hardware, Google will. Instead, homeowners will be required to buy the power generated by the panels at a fixed monthly rate.

The fund brings Google’s total investment in green energy to $850 million. The company previously invested $280 million in solar power company Solar City, $100 million in a wind farm project, and $168 million in a solar power plant.

Sources

Google Helping Homeowners Get Solar Power with $75 Million Investment, Digital Investment, Sept. 28, 2011.

Residents of MA, NJ, OH, PA, MI: Did you know that thanks to deregulation, consumers can often save money on their electric bill?
Translate »

WAIT!

Here’s a chance to get 200 points every month in Spark Energy Rewards*

Points can be used on local shopping deals, dining, daily deals, travel,
and even gift cards. Terms for the rewards can be found here.
Interested?

*Certain Terms and Conditions apply. This offer is available to first-time customers only. Customers must sign up for a fixed-rate energy plan. The plan may include a monthly service fee depending on the product. Use promo code which is showing above to qualify. Rate expires at the end of the term. Canceling or changing supply service prior to the end of the fixed-rate term may subject the customer to an early termination fee based on the product details. To be eligible to receive Spark Energy rewards, customers must enroll in a fixed term plan and maintain an active Spark Energy account in good standing (no past-due balance owed) for 45 days after the beginning of service. May not be redeemed for cash. This offer is subject to change or cancellation without notice prior to customer acceptance. This offer is nontransferable and cannot be combined with any other offers. This offer applies to services areas where Spark Energy LLC is active. The offer expires on 12/31/2021. See the Terms of Service and Electricity Facts Label (applicable only for TX) at www. SparkEnergy.com for more details.
© 2021 Spark Energy LLC. All Rights Reserved.