GOOGLE PUTS ITS MONEY ON SUNNY ROOFS

Google and Clean Power Finance Partner to Create $75 Million Fund for Residential Solar Projects; Google has now invested more than $850 million in the renewable energy sector.
28 September 2011 (World of Photovoltaics)

"Clean Power Finance…and Google…[have created] a new $75 million fund to finance residential solar projects. This initial investment in Clean Power Finance’s white label financing solution represents the second fund available to its network of qualified installers who brand and market it to homeowners. Google has now invested more than $850 million in the renewable energy sector…

"SunLogic, California Solar Systems and American Vision Solar are among the many solar installers currently branding and offering homeowners Clean Power Finance’s financing solution…The Clean Power Finance-Google fund will enable up to 3,000 homeowners to go solar in a number of key markets."

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"Residential solar financing is among the fastest growing categories in the solar industry. Solar power purchase agreements (PPAs) and leases are the driving force behind solar adoption among homeowners, creating an easy and low cost way to go solar. In the first quarter of 2011, PPAs/leases accounted for more than a third of all residential solar sales in California and Colorado…

"Forty percent of residential solar systems sold in the U.S. last year were facilitated by Clean Power Finance’s platform. CPF Tools was the first SaaS, professional-grade solar quoting and proposal application on the market, and today represents the most comprehensive platform connecting solar system installation, design, sales and financing…"