Google has been making news of late with its opening of Google Plus to all users, but we are more interested in Google’s new investment in solar power systems right here in Colorado. Partnering with Clean Power Finance, Google will invest $75 million to help install 3,000 homes with solar panel systems in Colorado, California and Arizona.
Google writes in their Google Green Blog that “it makes a lot of sense to use solar photovoltaic (PV) technology—rooftop solar panels—to generate electricity right where you need it at home. It greens our energy mix by using existing roof space while avoiding transmission constraints, and it can be cheaper than drawing electricity from the traditional grid.”
According to Google, “The installer builds the system, the investor owns it (in this case, Google), and homeowners pay a monthly payment for the system, at a price that’s often less than paying for energy from the grid. Maintenance and performance are taken care of by Clean Power Finance and its network of installers.”
With Google already having invested in $850 million in green energy, their new solar panel investment is just another way that Google is branding themselves as “green”.
For more information visit www.cleanpowerfinance.com.
