Google has just announced (via Forbes) a new $75 million fund to assist home owners in installing photovoltaic solar panels.
Managing the fund, which will see approximately 3,000 photovoltaic solar panel systems installed in Arizona, Colorado, and California, is San Fran-based Clean Power Finance. The fund will be handed out in leases and power purchases, the first option giving you the ability to finance the hardware, and the latter the option of just purchasing power.
The equipment itself will be solely owned by Google. Clean Power Finance will only make the financing packages available via installers American Vision Solar, California Solar Systems, and SunLogic. This follows Google’s $280 million fund for residents of San Mateo managed by SolarCity.
Back in 2009, Google installed their own 1.6MW solar installation on the roof of the Googleplex.