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Google Investing $280 Million to Back Solar Home Leases with SolarCity

Posted by Adam Sewall In Tuesday, June 14 2011 under: Solar Homes, SolarCity, residential, solar lease, Google

SolarCity is a big provider of solar home energy leases in ten states across the country. Google is, well, Google. The news today is that the two companies are about to get a bit closer.

The Internet search giant made clear its intention to invest $280 million to create a fund that will enable SolarCity to finance more residential solar energy projects.

"We're excited to be making our first investment in distributed residential solar," said Rick Needham, director of green business operations at Google.

To date, SolarCity has to its name over 15,000 solar power projects,

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Lowe's Teams with Sungevity to Offer Solar Lease Option, Starting in California

In an effort to provide solar home energy options to its customers, Lowe's is teaming up with Sungevity, an Oakland, California-based company that leases the systems to homeowners in handful of states.

The home improvement retailer has taken a minority stake in Sungevity that will help each company make up ground where it was previously lacking. Starting at stores in California, Lowe's will at last have a solar power option to discuss with its customers. Its main competitor, Home Depot, has offered such an option since March 2010, when the Atlanta-based company launched a partnership with SolarCity.

Sungevity, meanwhile,

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More Solar Power Coming to Sacramento, California

Posted by Adam Sewall In Monday, April 4 2011 under: Solar Power Info, SolarCity, Sacramento, California Solar

SolarCity, a fast-growing company that provides solar lease options to homeowners in many parts of the country, today announced it plans to install more than 8,000 solar panels for the City of Sacramento, California.

At 1.9 megawatts (MW), the solar panel installation would be the largest such facility in the city and would produce around 2.6 million kilowatt-hours (kWh) in the first year of operation -- enough to power roughly 235 typical American homes.

“This project is a triple win for Sacramento -- it will save taxpayers money by lowering the city’s energy costs, reduce pollution by generating renewable power, and create more local jobs to install the panels,” said [Sacramento] Mayor Kevin Johnson. “It’s our goal to become a greener city and generating clean energy on our facilities is keeping with that commitment.”

Go Sacramento!

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SolarCity to Offer Solar Lease Option to Maryland Homeowners

As SolarCity expands, so too does the number of residential solar installations.

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Solar Lease Option Comes to Oregon in 2011, Courtesy of SolarCity

While the world was saying goodbye to 2010 on New Year's Eve, many in the solar industry were gladly welcoming in 2011 -- a year that brings with it the extension of a federal renewable energy grant program for commercial solar projects, and a number of other helpful solar incentive programs.

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Phoenix Solar Leasing Available

Posted by Margaret Collins In Thursday, November 12 2009 under: Arizona Solar, APS, Solar Homes, SolarCity, Cost and Financing, solar lease

Residents of Phoenix, Arizona can now take advantage of a city-sponsored program to finance solar panel installations. By working with APS, SolarCity, and the National Bank of Arizona, the city is able to offer leasing for up to about $25,000 worth of solar installations--Mayor Phil Gordon hopes to see as many as 1,000 new solar homes in his city by the end of 2010.

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