Google, SunPower to create $250 million fund to finance residential solar projects

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Joint venture will purchase solar panels and lease them at reduced cost

May 02, 2014

Google and SunPower Corp. will create a $250 million fund designed to finance residential solar power rooftops across the country. The companies will purchase solar panels and lease them for a cost they say is “typically lower than [the] normal electricity bill.” SunPower committed $150 million, and Google is contributing $100 million to the fund.

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