Latest in

Image credit:

Google initiative will lease solar panels to consumers

Sharif Sakr
April 23, 2014
Share
Tweet
Share

Sponsored Links

Google has just announced another major investment in renewable energy -- not to power its own vast data centers this time, but rather to bring cheaper electricity to the homes of ordinary Americans. Alongside solar cell manufacturer SunPower, the internet giant is starting a $250 million fund (including $100 million of its own cash) to buy up solar panels and then lease them back to American households. It promises the lease cost will be "typically lower" than a home's regular electricity bills, but it has yet to provide specifics on the costs involved or exactly when the project is scheduled to get going. With solar panels steadily getting cheaper, it seems entirely probable that the partnership would recoup its investment over time, while still providing consumers with a financial incentive to go green.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Engadget's 2020 Back-to-School Guide

Engadget's 2020 Back-to-School Guide

View
Netflix confirms it's adding playback speed controls to its Android app

Netflix confirms it's adding playback speed controls to its Android app

View
Apple is reportedly planning 'Apple One' subscription bundles

Apple is reportedly planning 'Apple One' subscription bundles

View
Space Force official logo and motto unveiled

Space Force official logo and motto unveiled

View
Epic lawsuit claims Google blocked 'Fortnite' deals with OnePlus, LG

Epic lawsuit claims Google blocked 'Fortnite' deals with OnePlus, LG

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr