Google invests $300 million in fund for residential solar power

Google said Thursday it will invest $300 million in a new SolarCity Corp. fund expected to finance $750 million in residential solar projects. (Allen J. Schaben / Los Angeles Times)

Google said Thursday it will invest $300 million in a new SolarCity Corp. fund expected to finance $750 million in residential solar projects. (Allen J. Schaben / Los Angeles Times)

Mountain View, Feb 26 (LA Times) - Google Inc. is making another large investment in renewable energy, but this time average homeowners could be the ones reaping the benefits. 

The Mountain View, Calif.-based Internet search giant said Thursday it would invest $300 million in a new SolarCity Corp. fund that would help finance the installation of residential solar power systems.

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