Google is an environmentally friendly company, and now Google’s (sort of) giving residents the ability to go green and save money.
Google announced a $250 million partnership with SunPower Corporation to deliver solar power to residential customers. Here’s how Google describes the partnership:
We’re creating a new $250 million fund to help finance the purchase of residential rooftop solar systems—making it easier for thousands of households across the U.S. to go solar. Essentially, this is how it works: Using the fund ($100 million from Google and $150 million from SunPower), we buy the solar panel systems. Then we lease them to homeowners at a cost that’s typically lower than their normal electricity bill. So by participating in this program, you don’t just help the environment—you can also save money.
Of course, the idea sounds fantastic, but there’s little, if any, information on how homeowners can lease the panels for residential use, or even get more information about qualifying for the program. I also suspect some states will try to limit (or charge) who can install their own solar panels — check out what Oklahoma’s BigEnergy conglomerate is proposing. And let’s not even talk about Google’s gain from all those users.