Pioneering one-stop residential solar systems provider Sungevity and Holland multinational Rabobank have teamed up to establish a residential solar fund that will support over $50 million of new residential solar lease projects around the US. Sungevity’s been growing fast lately: monthly sales have grown 10-fold since January while employee headcount has tripled to around 300.
Google’s director of Green Business Operations Rick Needham announced the Internet search and technology leader will invest $75 million to create an initial fund with Clean Power Finance that aims to install solar power systems on as many as 3,000 homes. The investment brings to over $850-million the total amount of capital Google has invested in developing and deploying clean energy
Looking to capitalize on the dramatically lower cost of solar power systems, Westinghouse Solar has launched a line of low-cost, “all-in-one” solar power system kits for the home that can be installed by homeowners and contractors.
The kits’ low cost and ease of installation make them “very appealing to contractors and do-it-yourself (DIY) homeowners who, until now, have been put off by the high price of a rooftop system,”
Technological and economic Innovation, the desire to save money, conserve energy and help make for a cleaner environment are coming together in cities such as San Diego, where the combination of electric vehicles (EVs), a smart grid and residential solar power systems are creating a virtuous circle of activity.
SolarCity’s SolarStrong project, which could double the number of US residential solar power installations, moved a step closer to becoming reality yesterday when Energy Secretary Stephen Chu approved a conditional commitment to partially guarantee a $344 million loan. Part of the SolarStrong project entails SolarCity working with leading US military housing privatization developers to install, own and operate as many as 160,000 rooftop solar power installations on as many as 124 military housing developments across 33 states,
