Google isn’t the only corporation to invest heavily in solar power, but its latest million dollar investment added to its previous healthy contributions will mark the company a leader in renewable energy promotion. The company announced just weeks ago that it would buy much of its energy from a wind farm in Iowa, and now along with a $150 million investment from solar panel maker, SunPower, Google will provide $100 million to contribute to lease financing for thousands of American homeowners to add solar panels to their roof tops and clean energy to their mix.
This isn’t an inaugural investment in clean energy for Google. The multi-national company isn’t just invested in solar financing for homeowners. It also put $280 million into a solar rooftop fund run by Solar City, and another $75 million into Clean Power Finance’s home solar roof fund.
SunPower launched its solar lease program in 2011 and has helped power 20,000 homes with leased panels.
While solar energy business is booming, as solar technologies improve and the cost of solar panels become more affordable for an average family, captured solar still only accounts for well less than 1 quadrillion Btu out of an annual total of 96.5 quadrillion when you factor in all energy sources utilized in this country, including the burning of human waste, the use of natural gas, and oil. The US still relies heavily on coal nuclear energy to generate electricity.
Google isn’t the only corporation to invest heavily in solar power, but its latest million dollar investment added to its previous healthy contributions will mark the company a leader in renewable energy promotion. The company announced just weeks ago that it would buy much of its energy from a wind farm in Iowa, and now along with a $150 million investment from solar panel maker, SunPower, Google will provide $100 million to contribute to lease financing for thousands of American homeowners to add solar panels to their roof tops and clean energy to their mix.
This isn’t an inaugural investment in clean energy for Google. The multi-national company isn’t just invested in solar financing for homeowners. It also put $280 million into a solar rooftop fund run by Solar City, and another $75 million into Clean Power Finance’s home solar roof fund.
SunPower launched its solar lease program in 2011 and has helped power 20,000 homes with leased panels.
While solar energy business is booming, as solar technologies improve and the cost of solar panels become more affordable for an average family, captured solar still only accounts for well less than 1 quadrillion Btu out of an annual total of 96.5 quadrillion when you factor in all energy sources utilized in this country, including the burning of human waste, the use of natural gas, and oil. The US still relies heavily on coal nuclear energy to generate electricity.
To view graphs that support this information, click here.
Source Article from http://www.nationofchange.org/google-invests-millions-lease-affordable-solar-panels-american-homeowners-1398693651