kilroy69 994 Posted February 27, 2015 The Google logo is spelled out in heliostats \during a tour of the Ivanpah Solar Electric Generating System in the Mojave Desert near the California-Nevada border Google invests $300 million in U.S. residential solar projects . Reuters 13 hours ago (Reuters) - SolarCity Corp on Thursday said it created a $750 million fund to finance about 25,000 residential solar projects, with Google Inc investing nearly half the funding. My Friend Told Me About This Sample Site! Get it Free Sponsor The money will be used by SolarCity to put solar panels on homes. Homeowners then will pay a monthly fee to lease the panels from the company. The growth of such financing has made generating electric power from the sun an option for households who do not want to shell out the $20,000 to $30,000 upfront cost of a typical residential solar system. The fund is the largest ever created for residential solar systems, SolarCity said, and Google's $300 million equity stake is the technology giant's biggest renewable energy investment to date. SolarCity is the top U.S. residential solar installer. As a so-called "tax equity" investor in the fund, Google can claim federal tax credits worth 30 percent of a solar project's cost to reduce its tax burden. Tax equity investors typically enjoy returns of 8 to 10 percent. The remaining $450 million of the fund comes primarily from debt financing, according to SolarCity spokesman Jonathan Bass. The investment is Google's second with SolarCity. The company in 2011 established a $280 million fund with the installer, which is backed by Tesla Motors Inc founder Elon Musk. To date, Google has poured more than $1.5 billion into renewable energy project Share this post Link to post Share on other sites
Sho Nuff 719 Posted February 27, 2015 Those darn cultists Share this post Link to post Share on other sites
BunnysBastatrds 1,916 Posted February 27, 2015 And they will phail. But they can phail. Love their enthusiastic will though. And their desire. Until affordable energy sets it's market, they are nothing more than a ponzy scheme for investors willing to invest in them. The energy side. Share this post Link to post Share on other sites
Saint Elistan 106 Posted February 27, 2015 And they will phail. But they can phail. Love their enthusiastic will though. And their desire. Until affordable energy sets it's market, they are nothing more than a ponzy scheme for investors willing to invest in them. The energy side. The Solar Industry is apparently pretty damn comparable to the birth of the Auto Industry. All of these "failures" are really only helping to establish the market. The fact that all these majors companies are starting to invest, means that we're nearing the take-off point. Which means that in a weird way, the Government pumping money into companies that ultimately went bankrupt, may in fact have spurred the market. Even though the number of Solar Companies dwindle, actual production continues to increase. Here's an interesting article published yesterday. Solyndra's Fall was Great for Solar, Just Ask Henry Ford http://www.huffingtonpost.com/brad-mattson/solyndras-fall-was-great-_b_6754300.html Share this post Link to post Share on other sites
HenryHill9323 65 Posted February 27, 2015 I applaud Google. And I laugh at Elistan for linking to A Huffpo piece defending Obama using hundreds of millions of our tax dollars to pay off political cronies. Share this post Link to post Share on other sites
DankNuggs 305 Posted February 27, 2015 gotta love the huffpo liberal utopian 'in the future solar power will be free' Share this post Link to post Share on other sites
Saint Elistan 106 Posted February 27, 2015 gotta love the huffpo liberal utopian 'in the future solar power will be free' The author is the most important part of an article, not the domain name. And while Brad Mattson, Venture Capitalist, Founder of Mattson Technology and Novellus Systems, author of The Solar Phoenix and CEO of Siva Power, may have a vested interest in promoting the Solar Industry, he is certainly an educated, applicable voice in a conversation about the industry. Share this post Link to post Share on other sites
HenryHill9323 65 Posted February 27, 2015 The author is the most important part of an article, not the domain name. And while Brad Mattson, author of The Solar Phoenix and CEO of Siva Power, may have a vested interest in promoting the Solar Industry, he is certainly an educated, applicable voice in the conversation. Weird. That Soon guy has a vested interest in disputing MMGW, according to you, so he is a hack fraud. Funny how that only works one way with you. Share this post Link to post Share on other sites
