Google Blog, Wednesday, April 23, 2014
Just
because Earth Day is over doesn’t mean we’re done doing good things for the
planet. Yesterday we announced our biggest renewable energy purchase yet: an
agreement with our Iowa utility partners to supply our data center facilities
there with up to 407 megawatts of wind energy.
Today,
we’re taking another step towards a clean energy future with a major new
investment. Together with SunPower Corporation we’re creating a new $250
million fund to help finance the purchase of residential rooftop solar
systems—making it easier for thousands of households across the U.S. to go
solar. Essentially, this is how it works: Using the fund ($100 million from
Google and $150 million from SunPower), we buy the solar panel systems. Then we
lease them to homeowners at a cost that’s typically lower than their normal
electricity bill. So by participating in this program, you don’t just help the
environment—you can also save money.
 |
| A home sporting SunPower solar panels |
SunPower
delivers solar to residential, utility and commercial customers and also
manufacturers its own solar cells and panels.They’re known for having
high-quality, high reliability panels which can generate up to 50 percent more
power per unit area, with guaranteed performance and lower degradation over
time. That means that you can install fewer solar panels to get the same amount
of energy. And SunPower both makes the panels and manages the installation, so
the process is seamless.
This is our
16th renewable energy investment and our third residential rooftop solar
investment (the others being with Solar City and Clean Power Finance). Overall
we’ve invested more than $1 billion in 16 renewable energy projects around the
world, and we’re always on the hunt for new opportunities to make more
renewable energy available to more people—Earth Day and every day.
Posted by
Rob Parker, Renewable energy team
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