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Google, SunPower investing in leasing solar panels to homeowners
Google, SunPower investing in leasing solar panels to homeowners

Google Inc. is partnering with solar panel maker SunPower Corp. to invest up to $250 million in leasing solar systems to homeowners. The Mountain View technology giant is contributing up to $100 million, and San Jose-based SunPower will invest $150 million, Google said in a blog post. The goal is to make "it easier for thousands of households across the U.S. to go solar." "Using the fund ... we buy the solar panel systems," Google said. "Then we lease them to homeowners at a cost that's typically lower than their normal electricity bill." Google's plans come at a time when new financing methods are driving a boom in the residential solar...

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