Google Puts $280M into SolarCity Fund

Wade Roush6/14/11

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 Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @