Google Scaling Solar, Commits $280 Million To Finance SolarCity Installations

[IDemo]

By TechCrunch.com, Tuesday, June 14, 9:58 AM

Google today announced a new partnership with SolarCity, committing $280 million from its coffers to finance SolarCity installations, namely solar rooftops for homes in North America.

The partnership brings Google employees a discount on residential solar installations and services from SolarCity. On a worldwide basis, according to the company’s last quarterly earnings report, Google employs about 26,300 full-time.

Earlier this month, SolarCity locked a commitment from U.S. Bancorp that put them past the $1 billion mark in terms of financing capacity. Google becomes the company’s seventh major financing partner.

Rick Needham, director of green business operations at Google wrote about the deal in a company blog post this morning:

http://www.washingtonpost.com/business/technology/google-scaling-solar-commits-280-million-to-finance-solarcity-installations/2011/06/14/AGYYyfUH_story.html

[JohnnyRingo]

1. You'd think everyone would approve of this.

Why is it sometimes I feel republicans are working hard as they can to snuff the entire planet?

http://blogs.forbes.com/greatspeculations/2011/06/13/theres-a-little-black-spot-on-sunpower-today/?partner=yahootix

[jtrockville]

3. The dirty energy barons (nuclear, coal, oil) aren't served by this.

[OnlinePoker]

4. Why do you say republicans?

These are conservation groups opposing these installations, not conservatives.

[kristopher]

5. It is republicans acting through astroturf front groups.

They target specific projects and use (mostly online) agitators to try and stir up local sentiment against the targeted projects. They are particularly successful when the local area is served by a popular local RW radio outlet.

But that doesn't apply in this case anyway, this is rooftop solar.

[JohnnyRingo]

7. Show me six conservatives....

And I'll show you a half dozen people who vote republican.

[OnlinePoker]

9. Show me six conservationists and I'll show you probably 5 who vote Democrat. n/t

[DiverDave]

2. I called the company that installs the systems

and, wouldn't you know, in PA., where I live, it's illegal to have a third party pay for solar systems.

The power company doesn't want poor people to get a break on how much they pay them.
Bastards, the state leg. passed a law to protect profits, what a surprise.

[kristopher]

6. That's the PA legislature telling you to "Go frack yourself." nt

[bananas]

8. SolarCity is an Elon Musk project - he is leading the way into the future

Rockets to Mars,
Electric Cars,
and a Rooftop Charge!

WSJ and LA Times stories at http://hobbyspace.com/nucleus/?itemid=30196