Google Scaling Solar, Commits $280 Million To Finance SolarCity Installations
June 14, 2011 at 11:54 AM EDT
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...