Google Puts $280M into SolarCity Fund

6/14/11

San Mateo, CA-based SolarCity and Mountain View, CA-based Google announced today that Google has invested $280 million in a new project financing fund that will help SolarCity extend solar panel installation leases to more homeowners. Google joins six other SolarCity financing partners who have created $1.28 billion in overall project funds overall. In a blog post, Google also said it has created a discount program for Google employees who want to install rooftop solar arrays through SolarCity’s power purchase agreements.

Wade Roush is a contributing editor at Xconomy. Follow @

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  • http://FiltrationSolutions,Inc Klaus Franz

    My comp manufactures recycling water All kind of Liquid filtration Equipment in Oroville CA .

    Would like to know how to apply for funding by Google .

    can you put me in the right direction . Thank you for your attention in this mater. Klaus Franz

  • http://www.va-area.org/ Joey Williams

    This story just caught my eye the other day in a old newspaper and I couldn’t almost believe it. What a huge step for a company like Google to invest in renewable energy. It sounds like this is only out West but hopefully will expand to the east coast and or my state will start to use virginia alternative energy and virginia renewable energy more effectively and companies like this start up. Great read!!!

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