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Google invests $300 million in fund for residential solar power
Google invests $300 million in fund for residential solar power

Google Inc. is making another large investment in renewable energy, but this time average homeowners could be the ones reaping the benefits.  The Mountain View, Calif.-based Internet search giant said Thursday it would invest $300 million in a new SolarCity Corp. fund that would help finance the installation of residential solar power systems. Solar City said the fund would cover the cost of the installation, solar panels and other equipment. Homeowners either pay SolarCity for electricity produced by the solar panels or monthly rent for the panels if they are leasing. The new fund will cover the upfront cost of solar panel installations for thousands of...

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