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Google says the lease price is typically less than the electric bill for the home

Installing solar panels on the roof of your home (if you have plenty of access to direct sunlight) can be an expensive proposition if you don’t have plenty of incentives available to offset the initial costs. For this reason, many people don’t even bother with tackling this “green” energy option.
 
However, Google has announced a new initiative in conjunction with SunPower Corporation. The new plan will create a $250 million fund to help finance residential rooftop solar systems.

 
The goal is to make it easier for homes across the U.S. to adopt solar energy. The fund is comprised of $100 million from Google and $150 million from SunPower. Google buys the solar panels systems and then leases them to the homeowner at a price that is usually lower than their normal electricity bill.
 
SunPower makes panels that are able to generate up to 50% more power per unit area than other panels on the market, meaning that fewer panels are needed per home. There is no indication of how much the panels will lease for or if the panels are able to provide all the power needs for the home.

Source: Google





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