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Google announces plan to lease solar panels to home owners

Google has announced a new program that will make it easier and more affordable for homeowners around the country to get solar panels on their homes

| Business, Financial & Legal News | Posted: Apr 23, 2014 2:51 pm

Google is first thought of as a search firm by many of us, but it has fingers in so much more than search alone those days. Google is really big into green projects and renewable energy and has announced an interesting offer for homeowners. Google and SunPower have teamed up to offer homeowners the opportunity to lease solar panels for the roof of their home.

 

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Google has chipped in $100 million for the fund and SunPower added in $150 million. The money in the fund is being used to buy solar panels outright that Google will then lease out to homeowners. The panels will be installed on the home and provide green electricity.

 

One catch is that Google isn't saying just how many the panels will cost to lease. All it has said is that the lease rate will be cheaper than the electric bill for the home in many cases. It's also unclear if the solar panels will be able to provide all the power a typical home needs.

NEWS SOURCES:Googleblog.blogspot.co.uk

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