Search giant Google has announced a $75 million project that will assist up to 3,000 households in the US to install solar panel systems.
The initiative is a joint venture with Clean Power Finance and forms a key component of Google's commitment to develop and distribute clean energy.
In a statement on their official blog Rick Needham, director of green business operations, says: "As we said when we made our first residential solar investment, we think it makes a lot of sense to use solar photovoltaic (PV) technology – rooftop solar panels – to generate electricity right where you need it at home.
"It greens our energy mix by using existing roof space while avoiding transmission constraints, and it can be cheaper than drawing electricity from the traditional grid."
Google believes that installing solar panels in everyday homes can make for a major improvement, however the average person may be concerned with the cost.
For this reason, the company is joining forces with Clean Power Finance – a company that connects solar installation companies with investors in order to provide finance to households looking to make the switch to renewable energy.
The program allows installers to increase activity in their area whilst Google will remain the owner of the system.
Homes that participate in the initiative will be able to pay off the system in a monthly debit arrangement.
In Australia, many other programs have addressed the issue of affordability for solar panel systems.
Governments at state and federal level have recognised that many households have already decided that they want to make the switch – they just need a little help to actually make the purchase.
The Solar Credits Scheme is one such program, which provides a rebate for Australians looking to install rooftop panels.
Forming part of the Renewable Energy Target, the scheme is open to households, businesses and community groups.
According to the program's official website, prior to taking part in the scheme the government recommends: "Households considering installing solar PV systems are encouraged to shop around for the best deal on their solar PV system."
Consumers should also note that any rooftop system that they choose to install will generate electricity for their home, meaning that they will be able to purchase less from their electricity supplier and see a drop in their energy bill.
Posted by Bob Dawson – News Editor