Google Partners with SolarCity to Create $280 Million Fund for Residential Solar Projects

SolarCity® and Google

, today announced the creation of a new $280 million fund to finance residential solar projects. The Google-backed fund is the first collaboration between the Internet giant and the nation's leading solar power and energy efficiency service provider, and represents Google's largest investment to date in the clean energy sector. The fund is SolarCity's largest project financing fund and the largest residential solar fund created in the U.S. SolarCity has now created 15 project funds with seven different partners to finance $1.28 billion in solar projects.