Google Is Paying Millions to Help You Switch to Solar Power
Google Is Paying Millions to Help You Switch to Solar Power
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Solar installer, Justin Woodbury secures solar panels for a photovoltaic solar array system on the roof of a house in the Sorrel Ranch area, near e-470 and Smoky hill Road in Aurora Friday afternoon in record temperatures.Andy Cross—Denver Post via Getty Images
Google is investing $300 million in a fund designed to help people install solar panels on their houses.
The fund is being created by SolarCity, a fast-growing solar energy startup that boasts SpaceX CEO Elon Musk as its chairman. SolarCity has attracted $750 million overall for the fund, which will finance solar panel installations for homeowners in 15 states. Homeowners who install the panels will then pay SolarCity for the electricity they generate.
SolarCity claims its customers “usually” pay less for electricity than people who use traditional fossil fuels — and it says its energy is cleaner, too.
“It’s good for the environment, good for families and also makes good business sense,” Sidd Mundra, Renewable Energy Principal at Google, said in a statement.
The investment is Google’s largest in renewable energy projects.
The 10 Most Ambitious Google Projects
Google Driverless Car
The Google Self-Driving Car has been in the works since 2005 after a team of engineers won a grant from the U.S. Department of Defense to design an autonomous car. The project, which aims to reduce traffic accidents, has made headway in recent years as states passed laws permitting self-driving cars. Google plans a commercial release between 2017 and 2020.David Paul Morris—Bloomberg/Getty ImagesGoogle has been testing balloons which sail into the stratosphere and beam Internet down to Earth. Jon Shenk—APGoogle's smart contact lenses.Google/APGoogle Lively
Google Lively was a web-based virtual community space where users could design avatars, chat with one another and personalize their online hangout space. The project was discontinued after a six-month stint in 2008 after limited success.Google/APGoogle Earth
Google's virtual map of the Earth allows users to tour the earth with 3-D satellite images. The project, which dates back to 2004, has already found significant applications in disaster relief.Google/APProject Ara
Google's build-your-own-smartphone project allows users to customize their handsets to their own preferences, with the possibility of eliminating electronic waste by encouraging users to add hardware updates on their own terms. The team is working towards a limited market pilot in 2015.Bryan Bedder—Getty Images for Engadget ExpandDisease Detecting Pill
Google unveiled its plans to disease-detecting ingestible pill in October, a project that'll let patients access their real-time health data to encourage preventative care. The pill will contain nanoparticles that can bind to certain cells and chemicals, with the possibility of detecting diseases like cancer in early stages.Getty ImagesFlying Wind Turbines
The flying windmill is the project of Makani Power, a wind turbine developer acquired by Google in 2013. The tethered airborne turbines will harness wind energy for the goal of producing low-cost, renewable energyAndrea Dunlap—Makani Power/APGoogle+
Google's social networking platform launched in 2011, the most successful service after several flops at designing a Facebook competitor, like the now-retired Google Buzz. Today, Google+ boasts over half a billion monthly active users.Stephen Lam—ReutersGoogle Books
Google Books dates back to 2004, when Google partnered with libraries and universities to plan to digitize millions of volumes over the next several years. The project aims to make searching books as easy as searching the web.Getty Images
